Trader confidence has been boosted by the US Democrats winning control of the Senate, suggesting further flows out of the safe-haven US Dollar into ‘risk-on’ currencies such as the Euro.
Gold Price Outlook Mired by Spike in US Treasury Yields
The price of gold tumbles to a fresh weekly low ($1834), with the weakness in bullion largely coinciding with the recent spike in US Treasury yields.
The US is to remove all of its restrictions on its relationship with Taiwan
US Secretary of State Mike Pompeo says the US has for many decades been self-imposing restrictions on how it interacts with Taiwan:
Various media reports on Pompeo’s statement note that its likely to anger China and increase tensions. Yes, no doubt.
Various media reports on Pompeo’s statement note that its likely to anger China and increase tensions. Yes, no doubt.
Six new reasons for a US dollar rally
If there’s a bull case, this is it
The US dollar held a steady bid from Wed-Fri after the Democrats won the Senate and it was the top performing currency after the result became clear.
The US dollar held a steady bid from Wed-Fri after the Democrats won the Senate and it was the top performing currency after the result became clear.