Dollar, Futs On The Rebound Early As Irma, Kim ‘Disappoint’

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:

USDJPY

S&P futs on the move:

Futs

And here’s USDCHF rallying as well:

USDCHF

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.?

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints