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[email protected]: ASX to jump as Fed pledges to stay on the tools – Sydney Morning Herald

What happened overnight and what is ahead for the Australian sharemarket.

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The yield on the 10 Year US Treasury note fell to 57 basis points, driving the US Dollar lower, with the US Dollar Index falling to a new 2-year low. That dynamic also drove further strength in gold, which rallied to briefly challenge the all-time highs the metal recorded earlier in the week.
3. Risk-assets rise in face of grim milestones: The markets tendency to prize monetary intervention over almost all else was somewhat laid bare in US trade, as the US continues to report grave developments…

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