The S&P 500 trades at fresh highs for the year (1073) but is not being followed by its partner in crime, EUR/USD. The main pairing is treading water below the 1.4800 level with the market somewhat cautious ahead of tomorrow’s FOMC and the G20 on Thursday and Friday.
On the wires, German polls continue to show Merkel’s CDU/CSU party able to form a ruling coalition with a little help from the smaller FDP party. Germany has been governed by a grand coalition since lost power in 2005.
