US equities are selling off heavily in early trade, back below 1300 in the S&P. Oil is at session lows of $102.30.
Risk-off environments such as the one we have at the moment tends to be dollar supportive, especially versus the euro.
On the wires, ECB’s Paramo-Gonzalez says that EU inflation risks are on the upside and rates need to rise sooner rather than later. Inflation risks are a wake up call for central banks, the managing board member says.
