Equities continued trading north yesterday as recent developments revived hopes with regards to new stimulus measures by major economies, helping investors to overcome the recession fears triggered by the US Treasury yield inversion last week. In Australia, the minutes of the latest RBA meeting confirmed that policymakers remain willing to ease further if needed, and also revealed a discussion over unconventional measures.
Risk Appetite Continues to Improve Due to Easing Hopes
The dollar traded higher against most of the other G10 currencies on Monday and during the Asian morning Wednesday. It lost ground only against NOK, while it was found virtually unchanged versus NZD. The main losers were CAD, GBP and JPY in that order, while the currencies which underperformed the least were AUD and EUR.
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