Markets go risk-off as bitcoin and commodities get very volatile; China tackles high commodity prices; more signs of rising inflation; UST 10yr at 1.69%; oil and gold lower; NZ$1 = 71.9 USc; TWI-5 = 73.4

Markets go risk-off as bitcoin and commodities get very volatile; China tackles high commodity prices; more signs of rising inflation; UST 10yr at 1.69%; oil and gold lower; NZ$1 = 71.9 USc; TWI-5 = 73.4 20th May 21, 7:21am by David Chaston Here’s our summary of key economic events overnight that affect New Zealand with news China is going on the offensive over commodity prices it sees as too high. But first, we start today noting what most media is noting – that crypto currencies went on a very wild ride overnight, almost all of them. After falling steadily all…