Category: Currency Currents

Can we muster a 2-day stock rally?

Yesterday looked like another day foreshadowing a decent dollar correction on the bounce higher in stocks. This morning we wake to a stronger dollar again....hmmm...and of course “new” concerns about stocks, one story we saw read. We bit on the dollar move yesterday, expecting at least a 2-day ebb in risk aversion, playing for a short-term correction. That view isn’t looking as good today as it was yesterday

It all keeps coming back to the stock market—the key risk asset class; currencies are joined at its hip.

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