The US dollar wobbled following the ECB press conference but it’s back on its feet and threatening the best levels of the day against GBP, CAD and EUR.
The combination of safe-haven flows and worries about Europe are helping to boost the dollar. The key to get the dollar moving higher is the stock market. If the S&P 50o could erase its decline today that would lend a bid to USD/JPY and the US dollar more broadly.
