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US dollar breaking down, gold and the $A breaking up – Livewire Markets
The price of gold has now broken out to a record high and the Australian dollar has risen 30% from its coronavirus panic low in March and broken above $US0.70. What’s driving this and what does it mean for investors? This note looks at the main issues. The US…
The price of gold has now broken out to a record high and the Australian dollar has risen 30% from its coronavirus panic low in March and broken above $US0.70. Whats driving this and what does it mean for investors? This note looks at the main issues.
The US dollar looks to have peaked
The recent surge in gold and the Australian dollar have one thing in common namely an emerging breakdown in the US dollar. The $US surged during the early phase of the coronavirus panic in response to safe haven…
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