I think the sell-off was more apparent than real. DXY spiked and that hurt the US$ gold price, the price in other currencies remained around the peaks.
It's never ending now. Its like stepping into quicksand. Each move they make pulls them in deeper. They must be up to their chests by now and still they look for some wriggle room. It cannot be much longer before they are overwhelmed completely. It doesn't matter what they do now, there's no way back. It's not going to end well 😔
Could the Swiss Central Bank cutting rates by 25bps be the first admission of greater weakness in Europe? Basically giving up the illusion of “fighting inflation?”
Bert, The SNB is targeting the currency which has been rising sin ce 2022.
I think the sell-off was more apparent than real. DXY spiked and that hurt the US$ gold price, the price in other currencies remained around the peaks.
It's never ending now. Its like stepping into quicksand. Each move they make pulls them in deeper. They must be up to their chests by now and still they look for some wriggle room. It cannot be much longer before they are overwhelmed completely. It doesn't matter what they do now, there's no way back. It's not going to end well 😔
Could the Swiss Central Bank cutting rates by 25bps be the first admission of greater weakness in Europe? Basically giving up the illusion of “fighting inflation?”