We already mentioned the spiking dollar — a result of rumors the the Fed is about to hike the discount rate again — but here’s a little more food for thought, provoked by currency guru Ashraif Laidi on Twitter.
After beginning to show some life, the euro is now looking like a sick dog again. All of the sudden, Greece is a little (more) in doubt than it was, jumpy traders sense that the Fed is in tightening mode. Europe definitely isn’t in tightening mode — not by a mile.
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See Also:
- The Dollar Just Spiked Like Crazy On Rumors Of A Coming Fed Discount Rate Hike
- RUMOR: The Fed Rate Hike Is Coming At 12:30 (But Here’s Why It Seems Unlikely)
- Euro Crashing On Greece IMF Cry For Help