The US Dollar Index is crashing the most since QE1 was unleashed in Q1 2009. Following The Fed’s Dudley-isms this morning desperately jawboning some dovishness back into markets, the USD has plunged but the ubiquitous risk-on rally in stocks is very evidently missing as USDJPY soars back above BoJ NIRP levels. Today’s plunge is bigger than Dec 2015’s ECB fail drop…
As Yen soars almost 3% in the last 24 hours, US Index is plunging against all the majors…
By the most since QE1 was unleashed in Q1 2009…
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