DXY is still trending up:
AUD is a picture of weakness:
North Asia too:
Oil roared:
Dirt whimpered:
Miners too:
And EM:
Junk held:
As yields popped:
Stocks only go up:
There was not much in the data, but it was a good DXY night in the newsflow.
Chinese debt deflation is embedded. The BOJ was pretty dovish yesterday. The ECB is steadily becoming more dovish. And oil is suddenly warming into the FCI reflation.
This is all DXY bullish, which is probably why the broader commodities complex is fading away.
There is nothing here, but more AUD falls ahead.