Dollar Cremation Resumes

Tyler Durden's picture

Just as Bob Pisani was getting giddy that for probably the second time in 2011 the dollar went up in concert with the Russell 2000, here comes reality washing over the true value of the world's most hated reserve currency, and forcing the DXY to drop to yesterday's lows, which incidentally are just pennies away from multi year lows. Should the Yen resume its strength forcing the BOJ et G7 to intervene again (just as ineffectively), look for the DXY to promptly take out all lows as the Bernank once again goes to the front of the currency devaluation race.