Some days the dollar is the leader and other days the follower. Today it is definitely the leader. Stocks have been lower all day while the dollar has done nothing but fall. Finally it appears as though the weaker dollar has turned the stock market higher. Also turning around are oil prices. After trading down 6% early in the day, crude is now down half that.
The Euro remains well underpinned, trading in the 1.3370s. Moderate resistance lies at 1.3395/1.3400 and 1.3425.
