The dollar continued its rally on Tuesday, in the absence of any statistics or media presence from central bankers.
The $-Index, which had paused below 104 the previous day, resumed its advance, without excess, but climbed 0.05% towards 104.05, retracing its August 1 opening level.
The euro retreated to 1.0800, the yen by -0.2% to 151.15, while the pound and Swiss franc proved more robust, with gaps of between -0.05 and -0.1%.
The Yuan grabs 0.05% against the Dollar at 7.1230, unaffected by the IMF’s lowering of growth forecasts to +4.8% in 2024, despite the stimulus package introduced at the beginning of the month.
On the political front, with 14 days to go to the US presidential elections, more and more polls are showing Kamala Harris and Donald Trump neck-and-neck.
This is a “soft” way of not indicating that Donald Trump has more than made up for the handicap that the polls have put on him since Joe Biden withdrew in favor of his vice-president at the end of July.
Donald Trump’s election is said to be inflationary, and this comes on top of recent statistics showing that inflation has bottomed out and is beginning to rebound, especially in the “services” sector.
Note the new record for the ounce of gold at $2.7473/Oz (up $7 on Monday), while silver now stands at $34.8/Oz: it is poised to challenge the major resistance of $35 dating back to early autumn 2012.
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