10Y dollar oil S&P 500 Trump

Daily Kickstart (Stocks Rise Across The Globe)

We start Wednesday with the dollar (where else, right?). Trump's protectionist rhetoric and the lingering effects of multiple "accidental" verbal interventions from the new administration are keeping a lid on things and overnight we saw further divergence between yields and the greenback while the yen is treading water. "USDJPY is just being swung around by Trump’s first few days in office; as long as markets remain skeptical of his policies, dollar longs will not accumulate and there is limited scope to the downside in USD/JPY," Brown Brothers Harriman said Wednesday.  The Bloomberg Dollar Spot Index fell as much as 0.2 percent to 1243.66, while the greenback dropped versus all its G-10 peers apart from the Aussie. Meanwhile, the pound hit a six week high.  Sterling "burst through stops during the London morning, and climbed to as high as $1.2598, the highest since Dec. 14, prompting short-term investors to take profit on their longs, with an abundance of offers within the $1.2600 to $1.2650 range," traders told Bloomberg. The peso fell sharply on Tuesday evening on a NY Times piece about Trump's proposed "great wall of Mexico", before paring some losses overnigh
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