Yesterday, we wrote about how the recent hype about bitcoin rallying “because” of Greece might be overstated and that finding a real “reason” behind a given move is extremely hard if not impossible. As Greece stumbles toward capital controls, bitcoin is once again proving its disruptive power within the global financial system.
U.S. stocks fell, erasing earlier gains, as Secretary of State John Kerry said the president will hold Syria’s government accountable for using chemical weapons. Treasuries held onto earlier gains triggered by a drop in durable goods orders.
The euro’s rally to a six-month high after the trading bloc emerged from its longest-ever recession is set to reverse, trading patterns show, as the impact of the stronger economy is overwhelmed by the U.S. paring stimulus.