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Risk Aversion Gains Momentum, Aussie Heading Back to Year Low Against Dollar

Risk Aversion Gains Momentum, Aussie Heading Back to Year Low Against Dollar
Risk aversion is intensifying as US stocks tumbled significantly overnight, following First Republic Bank’s earnings report, which reignited concerns about the broader banking sector. The troubled regional bank’s shares plummeted by nearly half. Concurrently, bonds surged higher, pushing 10-year yield below 3.4% handle. Japanese Yen and Swiss Franc surged following the shift in sentiment, trailed […] The post Risk Aversion Gains Momentum, Aussie Heading Back to Year Low Against Dollar appeared f... Read More
Posted: Apr 26 2023, 04:28
Author Name: actionforex
Views: 102288

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