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Relentless Dollar Surge Continues: Asian Currencies Plunge To 7 Year Lows, Hitting Emerging Markets

Relentless Dollar Surge Continues: Asian Currencies Plunge To 7 Year Lows, Hitting Emerging Markets

While most global equity markets were subdued due to the US Thaksgiving holiday, the FX world was very busy overnight, marked by the relentless dollar surge on expectations of a rate hike not only in December but further in 2017, sending Asian currencies to the weakest level in 7 years: the Bloomberg-JPMorgan Asia Dollar Index reached 103.32, the lowest level since March 2009.

New York Times Admits "Searing" Complaints About Coverage Hit 15 Year High

New York Times Admits "Searing" Complaints About Coverage Hit 15 Year High

Amid the chaos surrounding Trump Tower and The New York Times, the so-called "failing" publication's readers are complaining at a rate on par with what was seen after 9/11 with an angry message: "I expect more from The Times."

As DailyCaller.com's Katie Frates reports, Times readers are writing and calling the Times and commenting on articles in droves to express, according to Spayd, “a searing level of dissatisfaction” with the 165-year-old paper’s coverage of the 2016 presidential election.

S&P Set To Open At All Time High, Boosted By Rising Crude On More "OPEC Deal Optimism"

S&P Set To Open At All Time High, Boosted By Rising Crude On More "OPEC Deal Optimism"

European and Asian stocks rose after the early scare from the latest Fukushima quake dissipated when all Tsunami warnings were cancelled. The global risk on mood was spurred by another jump in crude, which was up 1% in early trading, with the commodity complex now enjoying its biggest three-day rally since May, after Nigeria signaled optimism that OPEC will agree a supply-cut deal next week in Vienna. S&P futures are up 0.3%, with the cash index set to open at new record highs.

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