US Dollar: Fresh New Lows

The US Dollar today has once again sunk to fresh new lows, both as an all-time low and a new closing all-time low. There has been some tough talk this week by the Bank of Japan and the European Central Bank about intervening in the currency markets to prop up the Dollar, but with the tame CPI report earlier today, renewed certainty of fresh Fed rate cuts has resulted in the market ignoring threats, and the USD sinking to new lows today.