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Are Equity Markets Starting To Price In China Risk?
Market Depth
The Aussie Dollar and Aussie Yen Are Taking a Beating in the Absence of US Market Participants
Aussie yen carry trade versus risk assets recorrelating as of late. RBA minutes released at the exact same time that China LPR cuts came out, which is also right before China cash actually opened this morning. It will certainly be interesting to see if things revert back once the US flows are fully back in.
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