Stockmarket moves

A Further Spike in Risk Aversion Amid More Signs of Coming Recession

September 22, 2011

Yesterday’s FOMC announcement citing “significant downside risks to the economic outlook” but not including more quantitative easing received a poor market reaction in the United States and has seen sentiment deteriorate considerable further overnight. The dollar rose 2.5% against the kiwi, 2.1% relative to the Australian dollar, 1.8% against the Canadian dollar and Swiss franc, […] More