DOLLAR FALLS AND GOLD RALLIES TO A RECORD HIGH ON FED EASING PROSPECTS
https://s.yimg.com/ny/api/res/1.2/G_Lt2VHYsaqi8RIzPAgY9w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/barchart_com_477/4f3a8c8e2c711d60018ecc87c4de49ab
✍️ The dollar index fell on Monday due to expectations of weak US labor market news and a looming government shutdown, while the euro and yen rose due to a weaker dollar and hawkish comments from central bank officials.
👉 The dollar index fell by 0.22% on Monday 👉 The euro rose by 0.23% due to a weaker dollar and hawkish comments 👉 The yen fell by 0.60% due to a weaker dollar and hawkish comments 👉 Precious metals, including gold and silver, rallied due to a weaker dollar and lower global bond yields 👉 The Federal Reserve is expected to cut interest rates by another 50 bp this year 👉 The European Central Bank is near the bottom of its rate-cutting cycle 👉 The Bank of Japan is considering an interest rate hike
-- #JohnWilliams #BethHammack #Makhlouf #Noguchi #StephenMiran #PresidentTrump #RichAsplund #US #Europe #Japan #business
Loading quoted post…
