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Dollar Jumps Back
The dollar has reversed higher after falling to new lows for the year against the euro and Swiss franc, and sliding against most of the other major currencies. What had begun as a bit of profit-taking has turned into a route. A sharp drop in US equities goosed the Treasuries higher and the dollar and yen's recovery gained some momentum. Then Draghi's comments from Vienna pushed on the open door and the euro took another leg down, surrendering all of the session's gains to return toward yesterday's lows just below $1.3845 Even if the euro is not pushed through yesterday's lows, the ugly price action will make the ... (full story)
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