19/03/2015

From Flash Crash to Flash Crash-Up the Dollar Demonstrates Global Instability

by John Galt March 19, 2015 05:00 ET At 2 pm yesterday the Federal Reserve launched their desired impact on the currency wars by dropping subtle hints that they were going to do nothing about interest rates but that they were paying attention to the US dollar. Low and behold, we had a flash crash in the USD and surge in the Euro. Fast forward to the open of the European markets this morning and the ECB demonstrates that they can make their currency move also: The Euro has been on…


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