The US dollar weakened following remarks from Treasury Secretary Bessent and a rallying Chinese yuan. WTI crude climbed over 2%, lifting inflation expectations, while surging global bond yields press…
Precious metals rally significantly as the US Dollar Index ticks downward, with Silver (XAGUSD) leading the advance with a massive gain of over five percent.
Dollar advances ahead of Fed minutes revealing policy split; EURUSD slightly down but up strong yearly, GBPUSD weakens amid dollar decline and Fed uncertainties.
The dollar is poised for its worst year since 2017 due to Fed rate-cut bets, while EURUSD and GBPUSD are set for strong yearly gains. China’s yuan strengthened past a key level, signaling continued d…