Shocked to hear of the earthquake of 6.8 magnitude in Indonesia as well as the decision of the state of California to call for a state of emergency over wildfire and the weather. Temperature has apparently soared into triple digits into what is deemed as a historic heatwave.
With all that is going on in the financial world, this is an added burden for sure.
How will this impact the greenback? Broad based US dollar weakness was the main theme in Asia yesterday - as it grapples with falling US treasury yields, internal political turmoil and US-China tension.
Can the safe haven currency remain strong? It remains to be seen.
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