Gold quickly retraced $20 from fresh all-time highs of $2031.20, as investors took profits off the table after the relentless rise. Despite the pullbacks, the path of least resistance is to the upside amid persistent downbeat tone seen around the US dollar. The greenback remains undermined by falling US inflation-adjusted/ real Treasury yields, which sit
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Dollar turns soft again after momentum for rebound faded quickly. Euro and Swiss Franc are back in control even though they’re still generally range bound. Australian Dollar is following closely after RBA stands pat as widely expected. Recovery is still expected and the central didn’t sound concerned with recent surge in Aussie’s exchange rate. The
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Bob Chapek, chairman of Walt Disney Parks and Experiences, stands for a photograph at an unveiling event of Star Wars: Galaxy’s Edge at Walt Disney Co.’s Disneyland theme park in Anaheim, California, U.S., on Wednesday, May 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Disney is set to report earnings for its third
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Dollar strength is the story today US dollar obituaries were written last week in a bizarre flurry of speculation after a relatively standard drop in the US dollar. There was far too much conflating the ultra long-term with the short term. In any case, cable was always going to be most-vulnerable to a correction because
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