US greenback on the highs of the day
The strikes are spreading past tech with the VIX as much as 26 and S&P 500 down 55 factors to 3821. In FX, it is manifesting itself as promoting commodity currencies, partly as a result of commodity costs are giving again a few of the current beneficial properties.
The greenback and yen are additionally broadly bid.
Powell is due up in 10 minutes and if he is something lower than his traditional ultra-dovish self, it would worsen. He’ll get grilled about inflation.
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