Intraday Market Thoughts
China cuts rates & drives lend-borrow spread to 16-year lows
by
Nov 21, 2014 16:03
China's decision to cut rates for the first time in two and a half years triggered a classic play of boosting global equities, commodities and their currencies, reinforcing investors' preferred play of shorting EUR and GBP vs the Canadian dollar. Full charts & analysis
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