Really stretches the imagination to see “risk-off” trading befitting the dollar for long given the deadlock in Washington but we’re seeing a bit of that as Wall Street opens for cash equities trading. Stocks are down about 0.9% in the early going.
Spreads are widening again in Europe after a sharp contraction in the run-up to and the wake of the EU summit. Hard to believe not every problem was solved in an afternoon in Brussels ;).
