GoldSilverReports.com — President Donald Trump is preparing a possible intervention in the currency markets to prevent the continuing surge of the US dollar, according to numerous media reports over recent weeks, but that may not actually fix the issues he has with America’s rampant currency.
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Turkish Central Bank to allow gold for foreign exchange and location swap deals – Gold Silver Reports
LOOKING SOME POSITIVE NEWS FOR GOLD
Citing a bank document, Reuters recently reported that the Turkish Central Bank would allow gold for foreign exchange and location swap deals.
Atal Bihari Vajpayee Died at 5.05pm in AIIMS Delhi
Former prime minister Atal Bihari Vajpayee, who was admitted to the All India Institute of Medical Sciences (AIIMS) for over nine weeks, passed away on Thursday, an official statement from the premier medical institute said. The 93-year-old veteran Bharatiya Janata Party (BJP) leader was in a critical condition and was continuously on advanced life support. His medical condition deteriorated in the last 48 hours, the doctors said.
Turkish Lira Extends Gains Against the Dollar, Up 4% now – Gold Silver Reports
Gold Silver Reports (GSR) – It’s the third straight day of declines for USD/TRY as further short covering in the lira continues to take place. Sharp spikes tend to produce sharp retracements and this is no exception.
The Trade War that no one is Talking About
Gold Silver Reports (GSR) – Amid the daily din of tariffs and retaliatory measures, there is another trade war that is brewing. Almost similar to the one that is being talked about, this one too is the US versus rest of the world. Differently though, at the forefront of this war are the Fabulous 5, the US technology behemoths, which are alleged of not paying adequate taxes in the counties from which they earn their revenues.
As Rupee Nudges 69, RBI Decides to Sell Dollars to Oil PSUs
The Reserve Bank of India sold as much as $12 billion in May in the spot and forward markets together — the highest ever combined sale of dollars — as foreign fund outflows increased and trade war and interest rate hike fears threatened to drive markets lower.
N.Korea says if Trump administration adheres to old scenarios it cannot expect any progress on denuclearization -KCNA citing foreign ministry
N.Korea says some senior U.S. administration officials engaged in sanctions and pressure campaign against N.Korea