Flash: What is the main driver behind the USD massacre? - ANZ

FXstreet.com (Barcelona) - The market consensus appears to be clear on what has been driving the US Dollar sell-off this Thursday, with views from Strategists at ANZ an accurate explanation of the broader market sentiment.

Key Quotes

"While the shutdown was probably not long enough to affect underlying economic trends, it (and other things like Fitch putting the US’s credit rating on negative watch) has seriously dented confidence, and it will take a while for us to get a “clean” read on data."

"Consequently, the market has gravitated towards a “Fed on hold indefinitely” view, which is a plausible initial reaction, fanned by the appointment of Janet Yellen, considered a dove, to succeed Bernanke."