The earlier move seemed to be driven by yen selling but after the softish Philly Fed, the US dollar is now in the crosshairs. Ten-year yields are down to 1.78% after climbing as high as 1.86%.
Fresh highs in the euro to 1.2346, as offers up to yesterday’s high are taken out. Gold has also climbed to $1611 on QE expectations.
The S&P 500 remains in a deep coma, up 1 point to 1406. A close here would be the seventh consecutive session with essentially no change.
