StoryQuite 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.
