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US DOLLAR

climber7

By climber7,
in World Economy

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bostonangler Newbie

bostonangler

Posted
Posted

After bouncing yesterday following White House reassurances of Fed independence and PBOC's big weakening of the Yuan fix, the dollar is tumbling again this morning... accelerating after Trump tweeted that "China, EU are manipulating their currencies," adding that Fed "tightening now hurts all that we have done."

And the dollar was not happy...

2018-07-20_5-54-56.jpg?itok=kpxB6J7K

As the dollar sinks, gold is jumping...

2018-07-20_6-05-29.jpg?itok=camq9MhN

And stocks are unable to hold a bid ahead of the open...

2018-07-20_5-56-15.jpg?itok=_PleJVt5

 
 
 
 

 

 
 
 

Perhaps more worrying for the market is a renewed correlation between stocks and the yuan...

2018-07-20_5-39-24.jpg?itok=SZKisjo7

Here's why...

2018-07-19_18-41-51_0.jpg?itok=azONiqcR

It seems $500bn matters after all.

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