Nov. 7 (Bloomberg) -- The dollar fell the most since September against the currencies of its six biggest trading partners after Chinese officials signaled plans to diversify the nation's $1.43 trillion of foreign exchange reserves.
The dollar fell against all 16 of the most-active currencies, declining to the weakest versus the Canadian dollar since the end of a fixed exchange rate in 1950, a 26-year low against the pound and a 23-year low versus the Australian dollar.
We have a meltdown, watch ES 1505 and NQ 2209.
Even though China did not include the Euro, it is nevertheless brekaing out to new synthetic levels. 1.50 could be a sel-filfilling prophecy at this point.
The dollar fell against all 16 of the most-active currencies, declining to the weakest versus the Canadian dollar since the end of a fixed exchange rate in 1950, a 26-year low against the pound and a 23-year low versus the Australian dollar.
We have a meltdown, watch ES 1505 and NQ 2209.
Even though China did not include the Euro, it is nevertheless brekaing out to new synthetic levels. 1.50 could be a sel-filfilling prophecy at this point.
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