The market is designed to fool most of the people, most of the time.
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Here’s 3 Reasons Why Dollar Crashed in Pre-Holiday Trades
The U.S. dollar traded sharply lower against all of the major currencies today as investors dumped the greenback in pre-holiday trade. At first, there seemed to be no rhyme or reason for the move but at least 3 factors contributed to the weakness. The U.S. dollar started the NY session on its back foot after Fed Chair Janet Yellen warned that tightening too quickly could strand inflation below 2% which could become a problem as there are signs that inflation expectations may be drifting lower. While she also added that hiking too slowly could overheat jobs, her concerns for inflation were enough to worry a market ... (full story)