The S&P 500 falls more than 20% as it finally succumbs to the incipient global recession.
Janet Yellen states in the 1st half of 2016 that the Fed will not be willing to increase the Fed Funds Rate any further and subsequently hints at another round of QE before the end of 2016.
As a consequence of this tacit admission of failure by the Fed to save the economy from the Great Recession, the US Dollar crashes below 90 on the DXY. (more)
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