Beware of clunky moves today with the third quarter coming to a close.
On days like this stocks, bonds, commodities and FX sometimes diverge in unusual ways.
Another thing to look for (and this has been going on all week) is asset managers shifting into the best-performing assets of the quarter so they look like geniuses when they report positioning to clients.
In FX, it’s been a standout quarter for the euro, it bottomed at 1.2042 early in the quarter.
