The US dollar has taken a hard hit in the past few minutes. I'm not sure what's behind the move but the euro, pound, yen and gold have taken advantage.
There hasn't been much of a move in bonds and it's not coming at the fix so it's a tough one to pin down.
In terms of news, there was a report that the US isn't ready to rescue First Republic but I can't see how that could be the catalyst.
