10 November 2020
7 min read

Currency Wars - Central Banks Are Back In The Game

An incredible day in the markets yesterday. We saw a large rotation into small caps, and the Russell 2000 went limit up (+7%) before the cash open. Longer dated U.S treasury yields gained, with the U.S. 10Y yielding 0.97% at one point. The positive vaccine news really threw everything into disarray. It was spectacular.   The dollar also had an excellent day, especially against the yen and swiss franc. Which brings me to the point. Trump may be gone (TBC 😉), but his presence, volatility and 'America First' approach kept the other nations on edge. Central banks were genuinely

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