The U.S. dollar is breaking out higher in most USD pairs. A heavy load of options aggravated the stock market volatility as weekly futures and single stock options set to expire.
The higher than expected PPI figures released the day before are definitely negative for the stock market as it indicates margin pressures will continue for companies. The S&P futures continued selling off in the morning trade around the 4080 level whichis at the lower end of the trading range for February.
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