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Dollar treads water by six-month lows before Fed announcement

edited December 2022 in Other Investing

Quite a reversal. Has implications for foreign holdings depending on whether not they are dollar hedged and / or the extent of the hedging. A couple of my non-hedged foreign investments have turned up sharply in recent days. To some extent dollar strength or weakness affects the precious metals - though the linkage isn’t very predictable as they react to a lot of other market forces.

Powell is likely to either juice or deflate this recent trend with today’s FOMC statement & press conference in a few hours.
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