Whether we look at the $A, equities or Bitcoin the mood has clearly turned back to one of “risk on” with the later surging to all-time highs overnight while the Aussie is supported directly by strong commodities e.g. in London nickel surged to its highest level in 7-years. Equity markets are backing the economic recovery which bond yields are clearly embracing without the jitters often associated with rising interest rates – at least so far!
MM remains bullish the $A & risk assets
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