Higher yields give US Dollar Index a lift [Video]
|During the TradeGateHub Live Trading session, the discussion centered on how higher yields are giving the DXY a lift. A stronger dollar and rising rates, following the Fed’s 0.25% cut, are pressuring most asset classes and creating a risk-off move in the SPX, aligning with the Coach’s forecast that included a sell at 6705. Meanwhile, silver reached new highs, while gold formed a lower high, highlighting diverging trends in the precious metals market.
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