EUFX - If The Market Panicked Will The Fed?

• Higher-than-expected US CPI numbers, coupled with strong comments from the Fed, saw a surge in interest rates, knocking stocks and lifting the dollar.
• Japanese markets were closed today, but most of the other equity markets in the MSCI Asia Pacific Index fell to pare this week's gains.
• Europe's Stoxx 600's 0.8% loss is shaving this week's gain to about 1.35%.
• The US dollar is trading higher against most currencies. The Australian dollar is the weakest of the majors, off about 0.5%.
• The South African rand and Mexican peso are resisting the pressure weighing on EM currencies.

For further details see: