From Todd Shriber: After ranking as one of last year’s best-performing major currencies, the U.S. dollar was supposed to give back some of those gains in 2019. The Invesco DB US Dollar Index Bullish Fund UUP 0.02%, the largest exchange traded fund tracking greenback price action, did not get the memo.
From Rita Nazareth, Vildana Hairic, Sarah Ponczek: U.S. stocks fell with Treasuries, while the dollar advanced as the Federal Reserve pushed back on market expectations that its next move would be a rate cut.
From Colin First: Precious metals finally edged up from multi-week lows as global equity market is currently seeing bearish price action amid mixed signals from macro data and headlines. However, given the strength of the US dollar in the broad market, precious metals were unable to establish a solid recovery rally. Precious metal bulls are […]
From Neils Christenson: (Kitco News) – King dollar is preparing to end the year on a strong note, but its reign could come to an end next year as fears of a global economic slowdown could stop the Federal Reserve from raising interest rates aggressively in 2019, according to some analysts.
From Invesco: The International Monetary Fund (IMF) took a decidedly bearish tone during its annual meeting in Bali earlier this month — in fact, I would say it was the grimmest gathering of the IMF that I’ve ever seen.
From Adem Tumerkan: There’s an old saying: “You can’t fight the dollar.”
From Chris Vermeulen: A unique setup has occurred in the UUP (Invesco DB US Dollar Index) that resembles an Engulfing Bearish type of pattern (even though it is not technically an Engulfing Bearish pattern).
From Chris Kimble: The precious metals sector simply cannot buy a break. Since peaking, gold bugs have had several rally attempts squashed.
From Invesco: Invesco Fixed Income shares its views on currencies around the world, including a neutral view on king dollar.
From Sprott Money: The wild ride in gold continues. After what was shaping up to be a great week, the metal took a hit today just as Eric stopped by for a chat. On this edition of the Wrap-Up, he breaks down…
From Chris Kimble: The currency markets often play a role in asset management for investors. And one key asset that pays close attention to the US Dollar is Gold (and precious metals).
From Invesco: In the past few years, the London interbank offered rate (LIBOR) has faced well-publicized challenges. LIBOR was intended to reflect the cost at which large banks could borrow from each other and for decades was a benchmark for numerous private-sector rates.
From Invesco: Invesco Fixed Income shares its views on currencies around the world, including expectations for a neutral dollar.
From Palisade Research: Foreign currencies – especially the Emerging Markets – are having one of their worst years on record.
From Zacks: After gaining for a few weeks, the U.S. dollar weakened against a basket of other currencies for the sixth day in a row. Notably, the U.S. Dollar Index was down 1.5% in a week (as of Aug 22).