Summary

• There is one overarching fundamental development today that is driving the risk-on in the capital markets and weighing on the dollar.
• The dollar is lower against the G10 currencies, but the Norwegian krone, which is particularly sensitive to large moves in crude oil prices.
• The S&P 500 and Nasdaq set record highs yesterday, as did the Russell 2000.
• The 10-year US Treasury yield is off nearly eight basis points to a little above 4.34%.

There is one overarching fundamental development today that is driving the risk-on in the capital markets and weighing on the dollar. President Trump announced the US was suspending its new escort service in the

17.15K Followers