Bstops 530 Sstops 518
525.40= 50 HMA
Dollar Regains Luster, but Consolidation Likely Ahead of Key Events and Data.
- The sell-off in US shares yesterday dragged global equities lower
- The US 10-year yield is through 3.0%, pushing global yields higher, though the US 2-10 yr curve is unchanged net-net since the end of last year
- The dollar recovered from yesterday’s reversal but in the absence of fresh news, consolidation is likely ahead of tomorrow’sECB meeting
- China boosted QDII quota for the first time in three years