Dollar Decline Resumes as Debasement Fears Increase
The dollar weakened Thursday as Bloomberg’s gauge of the US currency slipped 0.3%, while precious metals such as gold and silver extended their record-breaking rallies. The return of the so-called...
By Bloomberg Markets · Bloomberg Markets
The dollar weakened Thursday as Bloomberg’s gauge of the US currency slipped 0.3%, while precious metals such as gold and silver extended their record-breaking rallies. The return of the so-called debasement trade outweighed Treasury Secretary Scott Bessent’s affirmation of the strong-greenback policy. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)