Since The Fed’s ‘dovish’ rate hike last week, the dollar index has been tumbling. Today’s drop takes the greenback to its weakest since Nov 10th – almost erasing the entire post-Trump gain.
This is the 5th down day in a row for the Bloomberg Dollar Index
This is the biggest 5-day decline since March 2015 and The Dollar is now unchanged in 2 years…
Finally we note that DXY is less than 100 once again…
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