Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Dollar Demand Hits Fevered Pitch: Yields Blow Out, Gold, Euros, Tech Stocks Sink

Wednesday, November 23, 2016 9:34
% of readers think this story is Fact. Add your two cents.

Happy Thanksgiving eve. This is the day of the rope for Dollar bears, as demand for the greenback soars to new highs — sending shockwaves throughout credit markets. The euro is trading with a 105 handle against the dollar, off by 0.7%.


German bund yields are rising again, in addition to the rest of Europe.


U.S. 10yr is officially in blowout territory, rising from 1.75% to almost 2.40% since election night. Somehow investors have ignored the deleterious affects this rise in borrowing costs will have on the economy. Instead, the financial media has been fixated on an alleged inflation that is going to rip through the economy, like a miracle, thanks to Trump’s fiscal plans. The only problem with that train of thought is said plans will be wholly dependent on cheap credit, which is getting more expensive with every passing day.


Gold is down more than 2% — absolutely brutalized thanks to dollar strength.


Subsequently, gold stocks are off by more than 5%. It’s truly the day of the rope for them.


Tech stocks are resuming their post Trump win weakness.



Markets are somewhat benign to this whirlwind in the credit markets, led by the dollar. Eventually, this will mean something — especially when the Trump administration attempts to borrow a trillion dollars for new roads and tunnels.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.