Loading ...The global economic powers have to be in some kind of panic mode to drive all the world’s countries currencies so much lower so fast. They are flailing wildly about something they must be very afraid of.
Possibly a massive slowdown and deflation in England, Europe, and China. There is no other explanation for this situation to make sense. In the US, hurting our exporters and helping US manufacturers and consumers with cheaper commodity costs at the same time is a push here, after many decent lower dollar years.
Note such big drops in all currencies, inverse USD:
http://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w1