The Dollar fell sharply across the board as stocks and commodities soared. The Dollar failed to rise even better than expected data on the NY Empire State Manufacturing Index that came out 24.9 vs. expected 17 and in the TIC Net Long-Term Transactions that came out 63.3B vs. expected 50B. Markets in the US rose sharply. The Dow Jones gained 1.68% and the NASDAQ rose 1.4%. Commodities also rallied. Crude oil rallied rising more than 4% closing above 77$ a barrel. The Gold (XAU) jumped extending its recovery closing at 1118$ an ounce. Today, The Building Permits is expected at 0.62M vs. 0.65M previously and later FOMC Meeting Minutes is expected.
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