© Reuters. Dollar slumps to 32-month low
- The greenback is losing ground against both the yen and euro as a combination of factors weigh on investors’ minds.
- They include the impending landfall of Hurricane Irma, tensions over North Korea, the ECB’s indication it may taper its QE program, as well as a Fed rate hike that’s likely off the table for December.
- The U.S. dollar index is now at its lowest level since January 2015, slipping 0.4% to 91.08 in overnight Asia trading.
- ETFs: UUP, UDN, USDU
- Now read: The Peril Of Willful Ignorance