Gordon Brown is on the wires, regurgitating the usual G20 platitudes. The recovery is not entrenched and stimulus should not be withdrawn prematurely. Exit strategies must be planned properly and well coordinated between countries, he says…We’ve heard it all countless times before.
EUR/USD has retreated back to pre-FOMC levels of 1.4775 while US equities have reverted to flat. Oil remains down about $3 on the day and gold has eased back to $1013 after a rally to $1018 after the Fed.
