The US dollar weakness is getting serious.
It's a holiday in much of the trading world today but the dollar selling had been steady until the last hour when it bounced. In that time, dollar weakness has cleared several hurdles:
Coming into the year the US dollar was sizzling hot and hitting multi-year highs against most of the currencies on that list. It's been a rapid and worrisome turnaround that's undone most of the correlations that ran for the last 15 years.
The risk-on/risk-off trade has been teetering for awhile and now it's utterly broken. S&P 500 futures are down 1% today and yen NZD/USD is up more than 1%.
Just six months ago this magazine cover might go down as one of the all-time counter indicators.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about us dollar bounces but it s still an ugly picture was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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