Asian indexes are a bloodbath. Stocks are lower across the
board except for Australia. The SPASX200 gains +0.3%. The Aussie dollar is
smoked dropping to a five and one-half year low at 0.785. The RBA may cut rates
which will only send the Aussie dollar lower. Global central bankers continue
to lower rates in the race to debase their currencies and gain an economic edge.
Is the RBA the next bank arriving at the devaluation party? Fortescue Metals
gains +10% predicting a moderation in the falling iron ore prices. The RBNZ
holds rates steady but is leaning dovish. New Zealand stocks, NZX50, drop
-0.6%. Kiwi dollar 0.7299.
The NIKK ends down -1.1%.
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
US Treasury yields are; 2-year 0.52%, 5-year 1.28%, 10-year
1.75%, 30-year 2.31%.
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