DOLLAR SLIPS AND GOLD RALLIES TO A RECORD HIGH AS THE US GOVERNMENT SHUTS DOWN
https://s.yimg.com/ny/api/res/1.2/eFjKySKwhvf9ojaP3JjE5A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03MzY-/https://media.zenfs.com/en/barchart_com_477/28daf3562e3582568bec527cdf7175ed
✍️ The US dollar fell to a 1-week low due to the shutdown of the US government and weak labor market news, while the euro and yen rose on positive economic data and central bank divergence.
👉 The dollar index fell to a 1-week low 👉 The shutdown of the US government weighed on the dollar 👉 Weak labor market news boosted the chances of a Fed rate cut 👉 The euro and yen rose on positive economic data and central bank divergence 👉 The eurozone's September S&P manufacturing PMI was revised upward 👉 The acceleration of consumer prices in the September CPI report is hawkish for ECB policy and bullish for the euro
-- #DonaldTrump #StephenMiran #FedGovernorCook #US #Eurozone #Japan #business
Loading quoted post…
