Tag: dollar

02 FEB

The dollar keeps weakening. Is that good news for the world?

AT THE start of 2017, just before Donald Trump was inaugurated as president, a survey of fund managers by Bank of America Merrill Lynch (BAML) found they believed that being positive on the dollar was “the most crowded trade”. It turned out they were right to be cautious. On a trade-weighted basis, the currency has […]

01 FEB

The dollar keeps weakening. Is that good news for the world?

AT THE start of 2017, just before Donald Trump was inaugurated as president, a survey of fund managers by Bank of America Merrill Lynch (BAML) found they believed that being positive on the dollar was “the most crowded trade”. It turned out they were right to be cautious. On a trade-weighted basis, the currency has […]

29 JAN

Gold price could smash $10,000 on crashing dollar & other factors – Jim Rickards

A weak US dollar, a possible war between the US and North Korea or the impeachment of Donald Trump could result in one of the longest-ever rallies for gold, according to precious metals expert Jim Rickards. Read more “This is gold’s breakout year. We are in the third bull market of my lifetime – and […]

27 JAN

Why Steve Mnuchin’s comments about a weaker dollar ignore a key part of America’s economic strength

Thomson Reuters Treasury Secretary Steven Mnuchin touted the benefits of a weak dollar, causing a commotion in currency markets. The president himself was forced to echo the Treasury’s long-standing strong-dollar mantra, but the US currency continued to fall. Lawrence Summers, former Treasury Secretary under President Bill Clinton, wrote in a Washington Post op-ed that Mnuchin’s […]

26 JAN

This whole US dollar debacle is a perfect example of what the Trump administration does best

Fox News Sunday Treasury Secretary Steve Mnuchin did not voice support for a strong US dollar while speaking at the World Economic Forum this week. Markets hated it. Consider this example 1,437 of the administration taking something that should be simple and turning it into a gong show. If the Trump administration excels at anything, […]

25 JAN

A brave bettor has made the first multi-million dollar Super Bowl bet in Las Vegas — and it is on the Eagles

With over a week to go until the Super Bowl, Las Vegas has already taken a seven-figure bet on the Eagles in the big game. The bet was so large it appears to have moved the spread of the game a full point in favor of the Eagles. The Patriots have a history of playing […]