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Barchart
Barchart
Rich Asplund

Dollar Falls to 4-Month Low and Precious Metals Surge to Record Highs

The dollar index (DXY00) today fell to a new 4-month low and is down -0.61%.

The dollar is being undercut by speculation that the US might coordinate FX intervention with Japan to boost the yen, which would dovetail with Mr. Trump's apparent view that a weak dollar is good for the US as a stimulus to US exports.  US authorities reportedly contacted market participants last Friday to check dollar/yen prices, a possible precursor to intervention. 

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