US equity markets pulled back from record highs, while the US Dollar continues to bank big gains, across the board. The EUR plunged to 1.1550, while the GBP crashed under 1.3300. The rally in the Dollar was a safety play, rather than any shift, based on fundamentals. There has been a distinct lack of economic data releases, due to the US Government shutdown, while politics takes a front seat. French President Macron appears to be ready to name a new PM, but this will only end in further disaster, as he does not have the support of Parliament or the people.The surging reserve hammered commodity currencies, with the AUD falling to 0.6550, while the NZD dropped below 0.5750. Political turmoil creates uncertainty, and this is driving the road towards safety.
