many market players saw the sudden moves as position unwinding after a rapid build-up of bets on risk assets that had taken off on hopes of further economic re-openings in many countries...This looks like a textbook case of risk-off trade, with currencies like the Australian dollar, the Norwegian crown and the South African rand getting whacked.....i would even think these moves were driven mostly by algorithm or model driven players rather than by a diverse number of human players...in any case the way forward will not be all blue sky. Monday is another day....
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