The Dollar Is Crashing Again…

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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…

https://www.zerohedge.com/sites/default/files/inline-images/20180125_usd.jpg

 

As a reminder, the Yuan is getting very close to its pre-devaluation levels…suggesting to some that an intervention is coming.

https://www.zerohedge.com/sites/default/files/inline-images/20180124_dollar1_1.jpg

 

This is the 7th weekly drop in a row, and the worst week for the dollar since March 2015.

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