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The Dollar Is Getting Hammered

Submitted by Tyler Durden on 07/21/2015 13:10 -0400

The Euro is up 1.3% - the biggest jump in 6 weeks - as the US Dollar is weakening against all the majors (except cable). The USD Index is down almost 1%, its biggest drop in 7 weeks...

Between weaker economic data (delaying hike or breaking narrative of recovery), BoJ inflation outlook, and Kuroda's comments on no need for additional QQE, the dollar is losing steam..

All the majors (except cable) are surging against the dollar...

And as The USD is sold, so Bonds are bid and stocks dumped...

Charts: Bloomberg

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Tue, 07/21/2015 - 13:11 | 6337638 JustObserving

Why is gold not rising then?

Tue, 07/21/2015 - 13:15 | 6337652 slaughterer

Greece is "saved" Everything is awesome in the EU. What do you expect to happen to the dollar?

Tue, 07/21/2015 - 13:43 | 6337795 post turtle saver

not much... not until we see EUR/USD at 1.4 to 1.5 again...

Tue, 07/21/2015 - 13:51 | 6337839 SoilMyselfRotten

Cuz heads they win, tails we lose?

Tue, 07/21/2015 - 13:16 | 6337655 back to basics

Because the price of paper gold is controlled.

Is that answer your question?

Tue, 07/21/2015 - 13:12 | 6337641 knukles

You will not see a normalization of rates during my lifetime
-God

Tue, 07/21/2015 - 13:21 | 6337682 Ignatius

Knucks, you seem to have a direct line to God. Could you you get His opinion on displaying the Rebel battle flag? Oh, and what does he think of Pussy Riot? Overrated in performance?

Tue, 07/21/2015 - 13:17 | 6337658 lordkoos

Woa, 7 whole weeks...

Tue, 07/21/2015 - 13:21 | 6337681 Dr. Engali

And gold is still down. If that doesn't speak fucked up nothing will. Paper pushers still have things well under control.

Tue, 07/21/2015 - 13:56 | 6337864 El Oregonian

Why let those thieving scoundrels be the only ones to enjoy Gold and Silver on-sale prices? Stack 'em and pack 'em... Who cares where the paper price is, it's all about the physical...

Tue, 07/21/2015 - 13:22 | 6337692 Fun Facts

Time to call in the central bank currency price fixing algos to get things right at the ZWO casino.

Tue, 07/21/2015 - 13:26 | 6337704 PermaBug

Oil is down too, and gold is actually up slightly, so I guess the vast global conspiracy is really to keep oil prices down even more than gold, right?

Tue, 07/21/2015 - 13:28 | 6337710 Kurpak

Head fake

Tue, 07/21/2015 - 13:31 | 6337724 Vin

Ah, no. The dollar is still hovering around 98. What are you talking about?

Tue, 07/21/2015 - 13:39 | 6337772 Consuelo

Anything happening with the 'build up' of Russian tanks & artillery on the border...? How about Chinese sand castles...? Let's get this party started already...!!! Seriously, that is what it's going to take in order for U.S. markets and the dead-carcass bloated $USD to see reality.

Tue, 07/21/2015 - 13:54 | 6337856 Charles Offdensen

This pattern of reporting great economic news, or strong dollar, or improving unemplyment numbers, to a slavish media who report it without question, just have the next day or week show the lie that was the green shoots of hopium is so transparent.

But it apparently isn't transparent enough to a populace who believes everything they hear and see from the teevee to be the sheared and lead to the slaughter house sheep that they are but thinking they are the Shepard.

Baaaaaaaaahhhh! Baaaaaaaaaaaaaaaaaahhh!!!

Tue, 07/21/2015 - 14:15 | 6337967 FPearl602