A massive hit in oil prices and US equities, yet the US dollar is on the rise. NAB’s Gavin Friend looks at a night of sudden moves and speculates on what’s to follow.
Markets chose to take a negative view on the extended period of near zero interest rates signalled by the Fed, says NAB’s Gavin Friend. It’s a reminder that it’s the virus that determines the extent of the recovery, everywhere. https://t.co/VcC49Eumrp