Market Overview: Risk Aversion Gains Momentum, Aussie Heading Towards Year Low Against Dollar
Risk Aversion Gains Momentum, Aussie Heading Back to Year Low Against Dollar The Current Financial Landscape Risk aversion is intensifying as US stocks tumbled significantly overnight, following First Republic Bank’s earnings report, which reignited concerns about the broader banking sector. The troubled regional bank’s shares plummeted by nearly half. Concurrently, bonds surged higher, pushing the…