US dollar swings higher as equities spill

<p>The US dollar is pushing higher as the risk mood worsens. AUD/USD is at the lows of the day at 0.6649 and just above the lows of the year. </p><p>The euro and pound are at the lows of the day after initially bouncing in the aftermath of CPI.</p><p>Broad selling in equities is the driver with the S&amp;P 500 down 0.6%. The bond market is sending mixed messages with US 2-year yields back near pre-CPI levels but 10-year yields beginning to creep higher again (though only up 1.3 bps on the day on 10s).</p>

This article was written by Adam Button at www.forexlive.com.