Across the board the USD is rallying against the majors (having once again tested 17 month low resistance in the USD index). Much of the strength is coming from EUR weakness as excess liquidity in the eurozone drops to a fresh two-year low (prompting talk of renewed liquidity injections or LTROs). This has knocked US and European stocks notably lower from overnight highs leaving S&P futures an odd shade of red in the pre-open. Treasury yields are also pressing higher in the last few hours along with Commodities.
USD Index bounces off 17 month lows as EUR weakness dominates…
and US equity ftures have dropped over 10 points from overnight highs…
Charts: Bloomberg
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/-7R7rAqIwv4/story01.htm Tyler Durden