It’s been a month of extremes in global markets as a shocking and historically aggressive equity sell-off finally found some semblance of support this week.The US Dollar put in a strong rally as risk aversion was heating up in the middle of March, gaining as much as 8.8% over a ten-day-period.With the S&P 500 digging into support and the US Dollar tempering gains, both reactions to recentFOMC actions – the big question now is whether the worst is over or whether there’s more selling yet to come.
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