You’d think the softer dollar would be a boost for stocks and the ECB’s sudden hawkish turn would boost commodities. But you’d be wrong. Not sure why, though.
Looks like the inflation jitters are hurting stocks and the weaker commodities are leaning on rates… I guess.
Strange days indeed.
EUR/USD is a shade softer, now back below 1.3350 after stalling in the low 1.3380s.