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Greenback Gains, Stocks Falter on First Waller Comments

  • Greenback firming modestly in response to Waller - extending the pre-speech strength to eke out a new low in EUR/USD at 1.0863. Pressure persists on EM FX, which prints new lows against the USD (USD/CLP a standout here, higher by near 2% on the day).
  • Equity response has been negative, with e-mini S&P dropping ~15 points before stabilising for a net 10 point drop after the initial commentary.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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