After being down around 1.1% this morning, the S&P500 is now down only 0.73% at 1648. As a result, the USD sell off that occurred prior to the NY open appears to have stalled with the DXY holding above key support for now. I shouldn’t speak too soon though as if Rosengren mentions anything about turning off the magic money making machine sooner rather than later we will most likely see equity indices sold off and the USD dragged lower as a result.
