Quote:
Originally Posted by Vendot
Does this explain why gold rallied this morning?
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Yes, it is exactly why.
The good news is things have settled down. There was clearly some sort of government intervention behind the scenes. The bad news is there has been no rebound after the intervention which is normally the case.
These are the currencies that got hit hard last night:
CZK
PLN
HUF
NZD
AUD
SEK
CAD
NOK
INR
EUR
BRL