Dollar reverses gains as havens rise

Market Review Yesterday saw a strange mix of movement in terms of asset class correlations as we general saw risk-off with equity markets edging lower but this was accompanied by US dollar weakness and at least initially bond market weakness as well. Our short S&P strategy was just a whisker away from a fill before a push down to the low of the day at 1638. It was a similar story with the EURUSD as we expected a test of key resistance at 1.30 before the retracement but the move higher ran

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Dollar reverses gains as havens rise