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Continued pressure in global equity markets sees an on-going flight to safety in the FX world. What’s different this time is that the market may be starting to price in a fresh round of QE from the US Federal Reserve, which is a clear dollar negative
Market moves to price a Fed Funds rate at 0.25%
Continued pressure in global equities sees investors rotate into safe-haven assets, particularly in high-quality sovereign bonds, and price an aggressive policy response from