StockMarketWire.com - Ahead of another quick-fire slew of US economic data scheduled for release later this morning (11:00GMT) it appears that the return of the inverse correlation between the US dollar index (DXY) and US stocks (S&P 500) has been seen as the US index fell from five-year highs, achieving its biggest decline since November 2012.
The dollar has pushed higher against it counterparts after Federal Reserve minutes revealed a willingness to reign in expansionary monetary policy, which the market has interpreted as a strengthening in global growth.
EUR/USD -0.79% to $1.3197, USD/CAD +0.22% $1.0187 and USD/CHF +0.52% 0.9318 are among the largest US dollar gains.
At 9:59am:
Story provided by StockMarketWire.com
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