(Reuters) – A rapid decline in the US dollar is reverberating around the world, adding fuel to a rebound in global momentum that has fueled prices for everything from tech stocks to gold. FILE PHOTO: Four thousand US dollars are counted by a bank counting currency at a bank in …
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Legendary hedge fund manager Ray Dalio said the stability of the US dollar is threatened as tensions between Beijing and Washington could lead to a “capital war.” In an interview with Fox Business, Dalio said that if the US government prohibits investments in China or withholds payments on Chinese debt …
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Editor’s Note: Let yourself be caught in minutes with our quick roundup of today’s must-read news and expert insights that moved precious metals and financial markets. Sign up here! (Kitco News) Gold is on a mission: reaching its all-time high of $ 1,920. And in addition to looking like a …
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Treasury Secretary Steven Mnuchin says the Trump administration’s goal is a stable US dollar, while, separately, he notes that some foam is seeping into the stock market that has risen from its coronavirus lows to end of march. “ “Clearly there are some individual stocks, I’m not going to mention …
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The US dollar is taking a beating on Wall Street, measured by a popular index. The blame is partly on the revival of the EURUSD euro, -0.01% as European leaders forged a historic fiscal pact to lift the eurozone economy out of the coronavirus pandemic that has brought much of …
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