State Street said the main reason for the dollar's decline earlier this year was that US investors reduced their foreign exchange hedging of overseas investments, rather than that global investors increased their hedging of US portfolios. "The more pronounced activity comes from domestic investors adjusting their foreign hedging ratios," Chris Pizzotti, global head of foreign exchange sales and trading at State Street Markets, told the Federal Reserve Bank of New York's FX market structure confe...
Trump 2.0 slightly milder caused the dollar to come under pressure, and gold benefited. The market's heart stone is temporarily put down, and gold may climb to another historical peak? > >