S&P 500 Recovers to All-Time Highs After 9% Drop

The S&P 500 has rebounded to record levels after falling more than 9% earlier this year, demonstrating the market's resilience and rapid recovery capabilities during volatile periods. This equity strength typically supports USD pairs as risk appetite returns, with traders likely to favor dollar positions against safe-haven currencies like JPY and CHF while emerging market currencies may also benefit.