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The U.S. dollar index just crashed to 96.17, the weakest it’s been since March 2022, as markets dump the greenback for the fourth straight day.
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The yen just ripped higher, jumping 0.7% to 153.03, after Japan’s Finance Minister said they’re ready to act with U.S. help to stop wild currency swings.
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Emerging market currencies and stocks are rallying hard, with 16 out of 22 FXs climbing and the Nasdaq up 1%, while UnitedHealth’s 19% drop tanked the Dow by over 300 points.
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