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. Bonds are not reacting much to this significant move (for now) but stocks are pushing to the lows of the day as carry-induced euphoria is failing fast. Precious metals are sliding led by Silver.
The USD Index is ripping higher...
[3]
with EUR back under 1.28...
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USD up against all the majors...
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Which sent gold and silver tumbling...
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and any carry-induced euphoria hopes have been dashed...
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Charts: Bloomberg
