Dollar Dumps Most In 7 Years After Dudley Doldrums

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...

Comments

No comments yet! Be the first to add yours.