ECB sent Euro to biggest loss vs. Dollar since Brexit
Emerging Markets Massacred As Dovish Draghi Sends Dollar Soaring https://www.zerohedge.com/news/2018-06-14/emerging-markets-massacred-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...