European Close Sparks Dollar Buying Panic

It's unclear what the catalysts for this sudden vertical buying panic is, but minutes after Europe closed, the dollar suddenly went full bid, gold slipped, and Treasury yields rose…

There was a new French poll (which showed very little difference from previous polls) and comments from Lagarde on how bad a Le Pen victory would be, comments from Trudeau on the weakness of the Canadian economy, and some comments from Stev Schwarzmann on delays to Trump's government reforms. None of which seem to warrant the panic bid for the greenback…

This is broad-based dollar strength as all the majors are weakening.


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