Markets Twitch As Relationships Rupture, Or Is It Just The Yen Bond Problem?

A quick look at the markets shows US the dollar languished near three-week lows against the euro and Swiss franc with a 0.53% slide in the dollar index – which measures the currency against six major peers – marking its worst single-day performance in six weeks. The greenback dropped more than 1% against Europe’s shared currency at one point on Tuesday to the lowest since December 30 at $1.1770 per euro. The DXY is currently at 98.63. The S&P 500 and Nasdaq Composite dropped to their lowest points in a month on Tuesday, as investors returned from the U.S. long […]