🚨🚨🚨BREAKING🚨🚨🚨
The U.S. dollar is falling DESPITE the fact that the yield on 30-year Treasury bonds has reached its highest level in nearly two decades.
Typically, higher yields attract capital and strengthen the dollar, but that isn’t happening.
The DXY index fell from around 102 to below 99 during August.
The yuan strengthened against the dollar, and the yen surged 1.5% amid growing expectations that the Bank of Japan (BOJ) will raise interest rates.
A $40 trillion national debt, rising deficits, and concerns about the Treasury’s expanded buyback program are working against the currency.
Investors are demanding higher yields to hold long-term U.S. debt, while the dollar continues to weaken.
Friday’s jobs report will be the next test.
The U.S. dollar is falling DESPITE the fact that the yield on 30-year Treasury bonds has reached its highest level in nearly two decades.
Typically, higher yields attract capital and strengthen the dollar, but that isn’t happening.
The DXY index fell from around 102 to below 99 during August.
The yuan strengthened against the dollar, and the yen surged 1.5% amid growing expectations that the Bank of Japan (BOJ) will raise interest rates.
A $40 trillion national debt, rising deficits, and concerns about the Treasury’s expanded buyback program are working against the currency.
Investors are demanding higher yields to hold long-term U.S. debt, while the dollar continues to weaken.
Friday’s jobs report will be the next test.
