US Treasuries fell and yields jumped after a series of strong data fuelled market speculation that the Federal Reserve might not pause its tightening cycle if the numbers continue to signal a booming economy.
Dollar sinks to one year low against euro
The dollar fell to new lows against a range of currencies on Monday as the combination of European and Asian holidays led to thin markets, emboldening momentum traders looking to test the market’s mood.
Gold at new 25 year high
Gold climbed above $660 a troy ounce to new quarter-century highs on Monday as investors sought safety amid continuing tension over Iran’s nuclear ambitions and worries about inflation and a weakening dollar.
Just doesn’t give you a warm fuzzy feeling does it?