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Chart of the week: EUR/USD

Weekly appointment with the world's most watched charts.


Bloomberg called it the "worst week since May" after the dollar tumbled to four-year lows. Financial Times noted the index hit levels not seen since March 2022. The Wall Street Journal cited "policy nightmare" fears driving the sell-off. Then Friday happened: Kevin Warsh nomination sent the dollar spiking, gold and silver crashing. The reversal was violent.

This is the narrative. Now let's see what the numbers say.

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