Markets Rally on Enthusiasm Over Treasury?s Plan
Markets responded positively to yesterday’s US Treasury Department proposed Public-Private Investment Program. The S&P rose a massive 7.1%, while the AUDUSD has broken strongly through the 0.7000 level (currently trading at 0.7040), as risk appetite got a boosted. EM and commodity currencies continue to see a significant demand. Asians currencies were stronger across the board, with the CNY…