I can't be the only one that believes the PPT, et al., is actively selling dollars here in an attempt to support equities. Engineering.
I didn't address other market participants, which of course there are many, and who are both buying and selling. Just that I believe the PPT is out there this morning attempting to protect equities, using the dollar, or something related to it. Call me a conspiracy theorist.
Well, funnily enough, the SNB just went back into the mkt to buy EURCHF. Hence EUR bounced, European periphs caught a bid and it seems like Spooz decided to follow.