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Home > EURUSD Plunges To 1.09 Handle - Lowest In 11 Weeks

EURUSD Plunges To 1.09 Handle - Lowest In 11 Weeks

By Tyler Durden
Created 10/23/2015 - 12:51
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 10/23/2015 12:51 -0500



 

With the biggest 2-day plunge in 9 months, EURUSD has broken back to a 1.09 handle this morning. It appears Mario Draghi has officially become US Corporate CEOs greatest nemesis [4](along with BoJ's Kuroda) as The USD Index surges to 3-month highs...

350 pips... on Draghi's words...

[5]

 

This will not please US CEOs...

[6]

 

Meanwhile, as we just noted, China's offshore Yuan is plunging to 1-month lows...(and decoupling from the onshore market suggesting outflows are accelerating)

[7]

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-10-23/eurusd-plunges-109-handle-lowest-11-weeks

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/139
[3] http://www.zerohedge.com/taxonomy_vtn/term/10769
[4] http://www.zerohedge.com/news/2015-10-16/its-not-economy-stupid-its-dollar
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/10-overflow/20151023_EUR.jpg
[6] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/10/20151016_USD1.jpg
[7] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/10-overflow/20151023_oops1.jpg