Bloomberg/Michelle Jamrisko
“Investors are fleeing emerging markets in record numbers and piling into the safe-haven greenback, with two emergency interest-rate cuts this month by the Federal Reserve doing nothing to diminish the dollar’s appeal.”
USAGOLD note: The dollar’s V-shaped recovery comes as a surprise and, according to the article linked above, will weigh heavily on emerging states having to make principal and interest payments on dollar-based debts. It has also been a key influence in gold’s selloff today.
Repost from 3-19-2020
