Well, I suppose this was inevitable.
With yields, gold, and the dollar all having priced in a Cat. 5 landfall from Irma and another ICBM launch from North Korea headed into the weekend, anything short of the worst case scenario was bound to be met with something of a relief rally.
As Bloomberg notes, the dollar opened “higher against most G-10 peers on position unwind by investors as perceived risks including North Korea missile test and hurricane Irma hitting landfall as category 5 fail to materialize.”
Here’s USDJPY:
S&P futs on the move:
And here’s USDCHF rallying as well:
No nuclear war and apparently, Irma will not in fact leave the state of Florida entirely submerged.
What a “let down.”
So… BTFD it is.?
