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Dudley's Dovish Declaration Develops into a Deluge of Dollar Disposal

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    It’s been a disastrous day for the world’s reserve currency: the US Dollar Index is trading down by over 1.5% to a new 3-month low near 97.00 and the greenback is falling against every one of her major rivals. As ZeroHedge gleafully noted on twitter, the US dollar index is seeing its biggest drop since Q1 2009, when the Federal Reserve first introduced quantitative easing. The proximate cause for today’s collapse appears to be this morning’s comment from the influential head of the New York

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