FXstreet.com (Barcelona) - Markets have taken a more decisive ‘risk-off’ shift in the overnight session after yesterday’s FOMC announcement, extended by the concerning drop in the Chinese HSBC Flash PMI figure, a 7-month low at 48.1.
Commodities have taken the biggest hit. “Oil is making new eight-month lows, with WTI poking briefly below USD80/bbl”, wrote TD Securities analysts, pointing to under pressure risk currencies, although commodity currencies are holding up well.
Commodities have taken the biggest hit. “Oil is making new eight-month lows, with WTI poking briefly below USD80/bbl”, wrote TD Securities analysts, pointing to under pressure risk currencies, although commodity currencies are holding up well.
