The USD starts the week sharply lower as equity markets rally and gold trades at a new record high. The initial catalyst for the surge in the equity markets and gold were linked to dovish comments from the Fed’s Bullard. Bullard called for the Fed to extend its asset purchase…
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Market Starts the Week with Another Attempt at Reinvigorating the USD Carry Trade
The Fed’s Bullard was out overnight arguing in favor of flexibility if the US economy proves weaker than expected, with “flexibility” meaning potentially extending the largest of its QE measures – the purchase of mortgage-backed securities – beyond the end of March deadline now established by the recent Fed monetary…