IMF deputy Lipsky is on the wires saying beggar thy neighbor policies don’t work. Coordination of policy is underway but there us a way to go before specifics are worked out, he says.
Returning to the markets, gold is not the only commodity in retrenchment mode today. Oil is $2 below session highs of $84.43, now at $82.50. EUR/USD is nearing bids at the 1.3910 level.