The $Index is lower as all key currencies are higher against it. The Yuan is higher while other BRIC currencies are mixed. The Ruble and crude are both lower. USDMXN is 21.00 +0.1565 (+0.75%), USDCOP is unchanged at 3763.00 and USDBRL which closed at 4.6425 is valued at 4.6592 on the CME.
Markets seem to be experiencing a reversal from yesterday. Bond futures are higher but the trend seems to be lower. Equities are lower as the Dow is looking at a drop of 477. Crude is lower and gold and silver are slightly higher. Grains are mixed, sugar is lower while cotton and cocoa are higher.
The market is holding for now and waiting for 8:00. Option expiration on Friday will likely bring congestion at the striking prices for the next 3 days. Steady.
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