Just when you think that there was decent day trading / movement in gold & the A$
With almost all analysts indicating there would be some easing of severity of of any rate rise,
Powell opens his cake hole "US Stocks reversed course and turned sharply lower as Fed Chair Jerome Powell said it was "very premature" to be thinking about pausing rate hikes, with the comments offsetting a signal in the central banks policy statement that smaller rate hikes may be on the horizon."
~~~
and the US markets go to the toilet . . . . . . reversing sharply the gains from earlier trading sessions.
~ the US$ Index also doing a share reversal:
FYI, the US$ index is weighted geometric mean of the dollars value relative to 6 currencies (widely traded international currencies) being:
Euro - 57% weight, Yen 14%, Pound 12%, CAD 9%, Swedish Krona 4%, Swedish Franc 4%
cheers
isn't the share market fun
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