If anything underscores the depth of negative sentiment toward the dollar right now, the currency’s broad-based and steep slide on Thursday is it.

Having been battered in recent weeks, the dollar had two potential opportunities on Wednesday to pull itself up off the ropes and stage a short-covering, corrective rebound. Yet the dollar’s respite lasted a matter of hours, the rebound was extremely shallow, and the subsequent selling Thursday was as intense as anything seen in recent weeks.

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