The Pound Went Down On "Rapid External Tightening" Which Had Accelerated Dramatically Last Week.

10 and one 10 us dollar bill

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Several crucial thresholds were crossed in the week before the flash crash in Britain's pound. China's yuan and India's rupee, two countries with vastly different situations yet both sinking in the same ($) boat along with New Zealanders and also the Brits. But why? It's not about the dollar rising, but what makes it rise. Even Paul Krugman can see it's not the Fed.

Video Length: 00:25:27

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Disclosure: This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any ...

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