“Unexpected” Australian Rate Cut To Record Low Unleashes FX Havoc, Global “Risk Off” Tyler Durden’s pictureSubmitted by Tyler Durden on 05/03/2016 http://www.zerohedge.com/news/2016-05-03/unexpected-australian-rate-cut-record-low-unleashes-fx-havoc-global-risk Three months ago, when Australia unexpectedly revealed that its recent “stellar” job numbers had in fact been cooked we asked, rhetorically, why the sudden admission it was all a lie? Simple: weakness in commodity prices “is far greater […]
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