Dollar Emerges as Latest Victim of This Week's Markets Mayhem [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
Most Read from Bloomberg Midtown Office Building Evacuated on Concerns of Wall Collapse In Chicago, a Former Steel Mill Looks to Make a Quantum Leap The Secret Formula for Faster Trains NYC Tourist Helicopter Crashes in Hudson River, Killing Six Inside the Quiet, Extravagant Expansion of the Frick Collection A Bloomberg gauge of the greenback tumbled to a fresh six-month low Friday after China raised tariffs on all US goods from 84% to 125% with effect from April 12. Options traders turned bearish for the first time in five years as part of a broader exodus from US assets as trade tensions between the world's two largest economies continued to intensify. Havens such as the yen, Swiss franc and gold benefited from the outflows while the euro rose to its strongest in three years. “Dollar confidence is under threat,” said Christopher Wong, a foreign-exchange strategist at Oversea-Chinese Banking Corp. Doubts are growing about the greenback's status as a reserve currency
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