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

Reuters/Kate Duguid/6-20-2019

Chart courtesy of

“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.

This entry was posted in Today's top gold news and opinion. Bookmark the permalink.