Following US Treasury Secretary Mnuchin’s wishy-washy walk-back this morning, ECB president Draghi has failed to deliver a dovish enough press conference to reverse the trend and the dollar index is crashing to new cycle lows once again…
The dollar continues to press its weakest levels since Dec 2014…
This is the 7th weekly drop in a row, and the worst week for the dollar since March 2015.
As a reminder, the Yuan is getting very close to its pre-devaluation levels…suggesting to some that an intervention is coming.
via RSS http://ift.tt/2nacvLX Tyler Durden