Bring back the shine

By: Miguel A. Rodriguez

12:47, 20 October 2021

1634722945.png
Dollar down as rate-hike bets elsewhere fuel dash to cover FX shorts
  • #XAUUSD prices inched up as a decline in the dollar and U.S. bond yields provided some support to the precious metal
  • $DXY retreated to a three-week low, hit by a proliferation in rate-hike bets in other markets and by improved sentiment that lifted equities and risk-sensitive currencies such as the Australian dollar
  • #Facebook has launched its digital wallet for #cryptocurrencies, called #Novi, in most of the United States and one Central American nation
  • #BTCUSD exploded 2.5% in the last session
  • #WTIUSD gained 0.7% in the last session


Share this article

The information presented herein is prepared by CAPEX.com/eu and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.