The Dollar Is Getting Hammered
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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