Bernanke talks down the taper, markets to go wild

Fed chief Ben Bernanke has fired up currency and commodity markets with a speech sharply at odds with the FOMC minutes.

Ben Bernanke has just lit a fire under global commodity and currency markets. And that will flow through to Australian stocks this morning, which are expected to open strongly.

The haste with which markets have unwound their risk positions in the past seven weeks now is being questioned as gold, oil and currency markets have begun to reverse their positions in the past few hours.

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