The Dollar Is Nosediving
by Tyler Durden
Thu, 06/21/2018 - 08:51
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Tough to say what the catalyst was for this kneejerk lower aside from severe weakness in Philly Fed (which is admittedly a 2nd tier economic data series at best), but the dollar is tumbling...
Obviously, early strength in cable from a hawkish BoE helped but that was a few hours ago...
However, while the move is notable, in the context of last week's squeeze by The ECB, it's not much yet...
