Friday, March 20, 2015

When The World's Reserve Currency Flash Crashed: "I Haven’t Seen Anything Like It Since The Financial Crisis’

http://www.zerohedge.com/news/2015-03-20/when-worlds-reserve-currency-flash-crashed-i-haven%E2%80%99t-seen-anything-it-financial-cris

On Wednesday afternoon, just after the close of the market, the US Dollar, the world's reserve currency flash crashed“I haven’t seen anything like it since the financial crisis,” said Paul Lambert, head of currency at Insight Investment, which manages $480 billion of assets.For a few minutes on Wednesday, the lack of dollar buyers caused a short-term freeze in electronic trading platforms, according to a New York-based trader at a major currency-dealing bank. “There was a lot of shouting on the desk, a lot of nervousness,” the trader said.

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