The US dollar continues to demonstrate the resistance. It does not decrease after the Fed cuts, it ignores macroeconomic statistics, it grows amid a political scandal and a possible impeachment of Trump. The US dollar as the main asset-refuge, the growth of the dollar is a consequence of the weakness of other currencies, etc.). But why? Obviously, with time the...
We have already written about the results and the Fed’s decisions, the Bank of Japan, Switzerland and England in a previous review. We only note that mood is “dovish”, which creates a favourable background for the gold growth, therefore, we continue to buy the asset this week.
As for the USA repo market. A shortage of liquidity in the money market provoked the...