ZeroHedge.com
A lack of intervention in the Yen and strength in EUR have combined to weigh on the US dollar. Bloomberg’s USD Index is back at one-year lows as, while overnight chaos sent stocks higher, it has driven investors into the safety of bonds (Treasury yields down 2-3bps) and precious metals. Gold topped $1300 and Silver $18 as EURUSD pushes above 1.1500…
USD Index getting clubbed..
On the back of EUR strength…Topping 1.15 for the first time since August
Gold tops $1300…
And Silver hovers at $18…
It seems the Treasury’s “currency manipulation” report is having some effect.
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http://www.zerohedge.com/news/2016-05-02/gold-surges-jan-2015-highs-tops-1300-dollar-extends-slide