European Open Preview – Stocks crash as risk aversion reigns; US CPI and ECB minutes eyed
Posted on October 11, 2018 at 7:52 am GMTHere are the latest developments in global markets: FOREX: The dollar was down by almost 0.2% against a basket of six major currencies on Thursday, extending losses from the previous session. The yen was the best performer, advancing against all its major peers as risk aversion took hold, amid sustained worries around the trade outlook and elevated bond yields. Meanwhile, commodity currencies were hammered lower in this environment, with the loonie being caught in the eye of the storm as oil [..]