U.S. dollar index falls to lowest level since March 2022

The U.S. dollar index just crashed to 96.17, the weakest it’s been since March 2022, as markets dump the greenback for the fourth straight day.

The yen just ripped higher, jumping 0.7% to 153.03, after Japan’s Finance Minister said they’re ready to act with U.S. help to stop wild currency swings.

Emerging market currencies and stocks are rallying hard, with 16 out of 22 FXs climbing and the Nasdaq up 1%, while UnitedHealth’s 19% drop tanked the Dow by over 300 points.