Traders Buy Everything After Fed Minutes Send USD Lower
Despite what seemed somewhat more hawkish than the July Statement, Fed Minutes sparked a dovish reaction sending the USDollar reeling, rate hike odds falling, and in turn bonds, gold, oil, and stocks higher...
The initial reaction seemed hawkish... (Oil helped by the ubiquitous NYMEX close ramp)
But rate-hike odds crashed...
As The Dollar dropped so the entire yields curve also fell..
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Tyle is good with his explanation. Thanks him for sharing.