The $Index is sharply higher as all major currencies are lower. The Yuan is lower but the remaining BRICs are higher. USDMXN is 20.564 -0.22 (-1.0585%), USDCOP is unchanged at 3805.51 and USDBRL which closed at 4.7231 is valued at 4.6713 on the CME.
Markets are emphatically stabilizing as some kind of stimulus may be in the works. The Dow is up over a thousand points, bond futures are down sharply, as is gold. Crude is up over 3.00 $. Grains are higher and the softs are all higher to some extent.
The market has drifted to above the 110.00 level where is appears to be an area of support. 8:00 may paint a different picture as the market is directed by forces other than the macro or currency. Friday is April options expiration. The market is steady once again.
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