The fall in the US dollar over the past two months has been simply breathtaking.
The US Dollar Index measures the dollar against a basket of foreign currencies: the euro, the pound, the Canadian dollar, the Swiss franc, the Japanese yen and the Swedish kroner.
The index rose astonishingly quickly from 80 in April to 89 by early June, as panic over Greece overwhelmed the euro. But it has since turned tail and retraced all those gains as quickly as it made them.
In fact, the dollar had better turn up pretty soon or we’ll have a rout on our hands..