Most aspects of the reflatio trade are off their worst levels of the day. US equities have come back to life for some reason and that has helped drag oil from its lows and EUR/USD has also firmed. back to the mis 1.3940s from the gigh 1.3800s. It is a typical summer monday with out much of a durable them to fall back on. We’re merely following stocks and commodities and they are following the dollar. A lot of to and from but no new ground today.