The Dollar Is Getting Pummeled!
Zero Hedge is reporting the US dollar is taking a severe beating this morning. These charts below show you some of the damage.
The USD is getting pummeled this morning (following China’s ‘devaluation’ to the weakest Yuan since 2011 overnight) as all the majors are bid against the greenback. USD Index is now below the post-ECB lows from last week… The USD is now at its weakest since early November.
The Yuan has weakened notably…
Having been blessed by The IMF…
Dollar weakness is accelerating…
Back below ECB lows…
More “massive failures of market analysts” if The ECB is to be believed.
Charts: Bloomberg
Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10769
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/12/20151208_china2.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/12/20151208_china4.jpg
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/12/20151209_usd1.jpg
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