Gold Silver Reports (GSR) – The US Dollar continues to battle with the 95.00 level, and this most recent test comes with a bit of heightened interest: Last week saw sellers drive below the level only to be followed by buyers pushing off of the August lows into month-end. This came along with a resistance reaction at a big area in EUR/USD. Yesterday saw resistance in USD/DXY at the June and July highs around 95.53, and this adds further questions to the sustainability of US Dollar strength as we move towards the end of Q3.
US dollar
Why The US Dollar is So Strong – Gold Silver Reports
What’s with the dollar rally today?
Stocks aren’t doing much and the bond market is flat. If it was a fundamental story, you would expect to see some kind of reaction outside the currency.
Rupee Weakens Further Against US Dollar
Gold Silver Reports (GSR) – The Indian rupee weakened along with emerging market currencies as the US dollar advanced on the back of higher US Treasury yields. At 9.15am, the rupee was trading at 69.01 a dollar…, down 0.15% from its previous close of 68.95. The currency opened at 68.96 …
Rupee Trades Higher Against US Dollar
Gold Silver Reports (GSR) – Rupee trades higher against US dollar – The Indian rupee strengthened against the US dollar, tracking gains in local equity and Asian currencies market.
At 9.15am, the rupee was trading at 68.72 a dollar, up 0.20% from its previous close of 68.85. The currency opened at 68.77 a dollar.
The 10-year bond yield stood at 7.788%, from its Friday’s close of 7.786%. Bond yields and prices move in opposite directions.
Rupee Recovers From Record Low Against US Dollar
Gold Silver Reports (GSR) – Rupee recovers from record low against US dollar – The Indian-rupee (₹) along with Asian currencies-reversed earlier declines on Friday triggered by China weakening the yuan’s daily fixing by the most in more than two years.
Gold Will Rally To At Least $1700 — Lior Gantz
Gold Silver Reports (GSR) – Gold Will Rally To At Least $1700 — Lior Gantz — During this 40+ minute interview, Jason asks Lior about the current global macro situation given the Fed hiking rates this week and the ECB and BOJ still doing QE and whether a strong US Dollar on the US Dollar Index (because of a mostly weak Euro) will be a strong headwind for gold?
Rupee Rebounds From Five-Month Low Against U.S. Dollar
Gold Silver Reports (GSR) – Rupee Rebounds From Five-Month Low Against U.S. Dollar – After opening higher, the rupee shed 3 paise to 65.29 against the U.S. dollar in early trade today despite better-than-expected inflation numbers released yesterday.