Dollar slides, posting biggest two-day drop in a year

Reuters/Kate Duguid/6-20-2019

Chart courtesy of TradingView.com

“The sharp fall in the dollar took currency markets by surprise and forced some hedge funds that had built up large long-dollar bets before the Fed’s policy statement to dump the greenback.”

USAGOLD note: One would think that traders might be covering short positions in the paper gold market for the same reasons.

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