ECB sent Euro to biggest loss vs. Dollar since Brexit

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Emerging Markets Massacred As Dovish Draghi Sends Dollar Soaring
ECB left interest rates unchanged at 0% on record low but will stop QE buying program by the end of 2018. Furthermore it will reduce its buying program starting September by 50% to €15 Billion per month. Following those news the Dax jumped by 2% to 13150, and so did the Nasdaq (+1,1%) and S&P (+0,3%) as well, while the Dow Jones closed 25 points lower at 25175. Precious metals closed as well higher, Gold just 0,25% in $1302 and Silver by 0,75% on $17,77/Oz. But the Euro declined on that news by more then 3 Cents vs. the Dollar, its biggest loss since Brexit, causing a bloodbath for Emerging Markets countries. Argentina's Peso lost already 96,5% since the the countries default in 2001. And so did other EM countries as well such the likes of Mexican Peso or Turkish Lira. Crypto currencies closed higher by around 10% each, following rumors the SEC is to set up Ether Future contracts soon. However when Bitcoin Futures where launched in December last year Bitcoins started to crash ever since, cause investors went short on it. Is this then the final step to crush crypto currencies completely? Soon we'll know more on this issue.

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