Turnaround Thursday is in the making as the jitters have quickly returned to markets today. The Fed managed to calm some nerves yesterday but we’re seeing a reversal of that today with equities slipping across the board. In Europe, the DAX is now down 1.8% and has erased the gains for the week.
Amid the more dour risk mood, we’re seeing the dollar catch a bid across the board with EUR/USD now down 0.6% to 1.0837 and AUD/USD down 1.1% to 0.6286 on the day.
This article was written by Justin Low at www.forexlive.com.