- US equities recovered smartly yesterday from gap lower openings but failed to help stabilize the Asia-Pacific and European shares today.
- Hong Kong, China, and South Korea led today's retreat, and the MSCI Asia Pacific Index fell for the fourth week in the past five.
- Europe's Dow Jones Stoxx 600 is posting its first back-to-back daily loss in nearly a month, and it will record its first weekly loss in five weeks.
- The dollar remains king, though the yen and Swiss franc continue to show some resilience as funding currencies strengthen as the other assets weaken.
- On the week, the dollar bloc currencies and the Norwegian krone have depreciated by more than 3% against the greenback.
For further details see:
Dollar Rides High