EURUSD Turns to End the Week As US Stocks Extend Dive

Roles further reversed between the ultimate safe haven and the benchmark risk barometer to end the week. The dollar stumbled Friday, lifting EURUSD to its biggest advance in nearly two months following a very conspicuous decline. In contrast, the stimulus-backed S&P 500 maintained its both direction and pace in its selloff. Is this divergence indicative of a broader, fundamental reversal? We look at the evidence of the disconnect between the the two assets on the opposite side of the risk spectrum as well as the trading potential the market's most prominent underlying theme.