(Adds detail, analyst comment) By Simone Giuliani
* Aussie jumps to near 2-month high against weak dollar * Higher-yielding currencies benefit from less riskaversion
(Repeats with headline tag) * OPEC looks likely to cut 2 million barrels per day
* Dollar slips vs yen, not far from 13-year low * Dollar pulls up from 2-
* Nikkei rises 1.1 pct after Fed rate cut * Honda slides on expectations for profit warning
Who has heard the expression “dropping your pants”?
Everyone. Thought so.
Well, that’s what the Federal Reserve has done this morning. It has taken the momentous decision to drop the Fed Funds Target Rate to a maximum of 0.25%. Almost everyone expected them to do that, so that part of it wasn’t a surprise.
The big surprise was [...]
(Repeats to widen distribution) * Fed’s rate cut drives stocks higher
