New York Session |
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The buck was sold in the NY session as the combination of a stock market rout coupled with heavy buying in US bonds outweighed the positive of plunging oil prices. US equities fell -4.7% in broad terms, with the declines led by a -10.4% dip in financials and a -6.9% loss in energy stocks. The Dow Jones plunged a whopping -505 points on the day to below 11,000 while the S&P 500 slipped a staggering -59 points and was sitting below 1,200 at the close. US 2-year Treasury yields
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