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…
with EUR back under 1.28…
USD up against all the majors…
Which sent gold and silver tumbling…
and any carry-induced euphoria hopes have been dashed…
Charts: Bloomberg
via Zero Hedge http://ift.tt/Y2AJbf Tyler Durden