The Dollar’s selloff this week reflects two separate pressures — a Yen repricing tied to faster BoJ tightening and Fed Governor Waller’s lean toward a September hold — and Gold has rebounded sharply as an indirect beneficiary, with Friday’s NFP now the first test of both fronts at once.
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RBNZ is still pointing toward higher rates, but it is becoming increasingly clear that policymakers may want a break before next move. Assistant Governor Karen Silk told Bloomberg today that December looks more likely than Read more…