US Session: Dollar Weakness Persists Amid Inflation Concerns





G10 Advancers and Decliners vs USD
SEK 0.04
CAD 0.01
NOK -0.02
NZD -0.14
The dollar continued to sell off against most of the G10 today as commodity currencies were stampeding in other direction. EurUsd’s movement was mixed and is currently hovering in the $1.39 range. The GbpUsd rallied strongly to an eight month high of $1.65 and continues rising. Equity markets started off strong but are now flattening out with the Dow up under 1% and the Dax mostly unchanged from…

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