currencies - 5 things to start your day - btbirkett@gmail.com - Gmail

5 things to start your day - btbirkett@gmail.com - Gmail



currencies are one of the last `independent' financial barometers in the market right now. The government bond and corporate credit markets have essentially been nationalized by central banks, while key stock indexes in the U.S. are disproportionately affected by megacap technology companies and in some Asian countries by purchases from policy makers. Of course FX has its own influences, but the market is likely large enough to overcome these limitations, making currency moves an even more important source of risk signals in these unprecedented times.