Dollar Takes a Nosedive as Europe Steals the Show
Key Points
- The dollar dropped 0.95% amid disappointing economic data, p...
Money doesn't talk anymore - it just sighs deeply and points at charts. The currency markets are having an existential crisis, and Uncle Sam's greenback is leading the pity party.
Fed's Crystal Ball Shows 50 Shades of Uncertainty
The mighty dollar stumbled today, dropping 0.95% faster than a trader's coffee mug on a Monday morning. Blame it on the economic data playing hard to get - the ISM manufacturing index slid to 50.3 (not the party number anyone hoped for), and construction spending decided to take an unexpected vacation. The Atlanta Fed's GDP crystal ball went from +2.3% to -1.5%, ma...
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