Flash: Liquidity tap turned off? – Investec

FXstreet.com (New York) - Markets continued to play bumper cars yesterday after a surprisingly large downward revision in US GDP left investors searching for inspiration, suggests Lee McDarby, Corporate Treasury at Investec.

Meanwhile, “the dollar strengthened on the back of the release as the market was content to stay in the haven, dragging the EUR/USD to 1.3000 and GBP/USD to 1.5300 respectively, whilst equities shrugged off the news as they took solace in central banker comments attempting to calm fears that the liquidity tap is going to be turned off.” McDarby adds.