Dollar Index Snaps To 2-Year Low As Asia Opens, EUR Spikes

A sudden 60 pips spike in EURUSD sparked a plunge in the Bloomberg Dollar Index below September"s lows to its weakest since January 2015.

There was no obvious news-driven catalyst for the moves but as one veteran FX trader noted "shit"s starting to break" reflecting on the chaos in stocks, crypto, credit, and VIX today...

This is the strongest Euro since 2014...

 

This spike prompted another snap lower in The Dollar Index...

 

 

This is the lowest the dollar index has been since January 2015.