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The Dollar Is Nosediving
06-21-2018, 09:10 AM,
#1
The Dollar Is Nosediving
The Dollar Is Nosediving

<p>Tough to say what the catalyst was for this kneejerk lower aside from <a href="https://www.zerohedge.com/news/2018-06-21/philly-fed-crashes-most-4-years-lowest-election">severe weakness in Philly Fed</a> (which is admittedly a 2nd tier economic data series at best), but the dollar is tumbling...</p>

<p><a data-image-external-href="" data-image-href="/sites/default/files/inline-images/2018-06-21_5-49-08.jpg?itok=T54CRyPW" data-link-option="0" href="https://www.zerohedge.com/sites/default/files/inline-images/2018-06-21_5-49-08.jpg?itok=T54CRyPW"><img data-entity-type="file" data-entity-uuid="31749b85-a626-4f94-a10f-d04fe909e04f" data-responsive-image-style="inline_images" height="261" width="500" srcset="https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-06-21_5-49-08.jpg?itok=T54CRyPW 1x" src="https://www.zerohedge.com/sites/default/files/inline-images/2018-06-21_5-49-08.jpg" alt="" typeof="foaf:Image" /></a></p>

<p>Obviously, early strength in cable from a hawkish BoE helped but that was a few hours ago...</p>

<p><a data-image-external-href="" data-image-href="/sites/default/files/inline-images/2018-06-21_5-52-05.jpg?itok=4VWND9U4" data-link-option="0" href="https://www.zerohedge.com/sites/default/files/inline-images/2018-06-21_5-52-05.jpg?itok=4VWND9U4"><img data-entity-type="file" data-entity-uuid="ee9f6174-fd23-4874-9978-4a9c1c0b941b" data-responsive-image-style="inline_images" height="260" width="500" srcset="https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-06-21_5-52-05.jpg?itok=4VWND9U4 1x" src="https://www.zerohedge.com/sites/default/files/inline-images/2018-06-21_5-52-05.jpg" alt="" typeof="foaf:Image" /></a></p>

<p>However, while the move is notable, in the context of last week's squeeze by The ECB, it's not much yet...</p>

<p><a data-image-external-href="" data-image-href="/sites/default/files/inline-images/2018-06-21_5-53-36.jpg?itok=Ti-Sy9Yt" data-link-option="0" href="https://www.zerohedge.com/sites/default/files/inline-images/2018-06-21_5-53-36.jpg?itok=Ti-Sy9Yt"><img data-entity-type="file" data-entity-uuid="de76075b-a37f-4d7b-9302-ebc7223d6907" data-responsive-image-style="inline_images" height="263" width="500" srcset="https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-06-21_5-53-36.jpg?itok=Ti-Sy9Yt 1x" src="https://www.zerohedge.com/sites/default/files/inline-images/2018-06-21_5-53-36.jpg" alt="" typeof="foaf:Image" /></a></p><img src="http://feeds.feedburner.com/~r/zerohedge/feed/~4/vGwhDuqdVow" height="1" width="1" alt=""/>


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