Dollar Index Hits High, Euro Dips; Precious Metals Mixed

The dollar index surged to a five-and-a-half-month high, driven by stock market plunges and hawkish Fed comments, but later retreated after dovish remarks from New York Fed President John Williams. The Euro hit a two-week low due to Eurozone manufacturing contraction, but hawkish ECB comments limited losses. Japans trade figures beat expectations, and the government is ready to intervene against disorderly currency movements. Gold and silver prices were mixed, with silver falling to a two-week low and gold rising due to safe-haven demand and dovish Fed comments.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.