Daily Recap Video: US Consumer’s Moods Sour and US Stocks Slide, USD Sold Off vs Rivals

The dollar sank to its lowest level since December against the yen as UMich consumer sentiment plummeted in July adding to other economic data which has caused investors to question the pace of the U.S. recovery. US stocks were down sharply. That helped both the greenback and yen gain against growth sensitive currencies like the Australian and Canadian Dollars.