The Guardian - There was the knee jerk reaction you'd expect (to the Fed) with stock markets rallying, and risky assets rallying and the dollar under pressure. But the U.S. (stock) markets didn't hold onto their gains and a lot of the move's reversed. There's some more bad news on monolines which is spooking investor sentiment on the general financial sector... The dollar's been gaining in the past couple of weeks when stock markets are losing out as a kind of defensive play.
Join the Discussion