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Dollar getting hit harder now -check out the dollar index (USDX) crumbling below 108.00
Adding more colour to the previous two updates, a slight correction is required. The press article was not in the WSJ it is in fact in the Washington Post. Otherwise nothing else has changed in terms of the accuracy of this report. The dollar is still reeling from all this and the global stock markets are still advancing. The EUR/USD has now lifted above 1.0425 and the USD/JPY is tracking back closer to the 157 handle, having stalled just short of 158 again ahead of this breaking news. The upshot of those two moves has sent the Dollar index (USDX) tumbling back below the 108.00 handle. The move higher in the Euro and the Yen has also helped to push the GBP/USD try close to 1..2550
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