Stocks, currencies, bond yields. They’re all rising today as the relation trade gets a shot in the arm from the US housing data, signs the flu is not spreading as quickly as feared and on China’s upbeat PMI.
Commodity currencies are leading the way, as one would expect. AUD/USD is zeroing in of the 0.7400 level, where barrier options are eyed. USD/CAD has slumped below 1.18, on the other end of the globe. Cable is right on top of 1.5000 and my 401k can now comfortably cover the cost of a double-wide in Nebraska…
