EURUSD is back under 1.28 (for the first time since July 2013) as sustained USD demand since around 845ET has driven the USD Index up to fresh 4-year highs. Stocks and bonds are not reacting much to this significant move (for now) as carry-induced euphoria is failing fast. Precious metals are sliding led by Silver.
The USD Index is ripping higher…
This post was published at Zero Hedge on 09/24/2014.
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