US Dollar stays on the back foot ahead of PCE

Here is what you need to know for Wednesday, August 26: The US Dollar Index (DXY) is hovering below the 99.00 mark as traders squared positions ahead of a heavy Wednesday data slate and Federal Reserve (Fed) Chair Kevin Warsh’s Jackson Hole address on Friday. The move was modest, keeping the Greenback near recent lows […]

AfD surge raises policy uncertainty – ING

Carsten Brzeski of ING underscores that the AfD’s rise to Germany’s largest party in polls introduces significant uncertainty for Eurozone policy. He details the party’s past calls for Euro exit and monetary sovereignty, contrasts them with a newer, toned-down economic paper, and stresses that markets still lack clarity on what economic policy an AfD-led government […]

Tariff conflict fuels safe haven bid – Commerzbank

Commerzbank’s Carsten Fritsch reports that Gold has surged to a three‑month high near USD 4,700 per ounce as US–Canada tariff tensions escalate and concerns over US debt intensify. Silver and Platinum have also rallied. Strong ETF inflows, particularly in North America, suggest sustained investor interest, and the bank sees indications that Gold prices will continue […]