2 months ago

Dollar Decline Resumes as Debasement Fears Increase

Dollar Decline Resumes as Debasement Fears Increase

Summary

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The dollar weakened Thursday as Bloomberg's gauge of the US currency slipped 0.3%, while precious metals such as gold and silver extended their record-breaking rallies. The return of the so-called debasement trade outweighed Treasury Secretary Scott Bessent's affirmation of the strong-greenback policy. Tyler Kendall reports on Bloomberg Television.
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AI Description

["The dollar weakened Thursday as Bloomberg's gauge of the US currency slipped 0.3%,", 'while precious metals such as gold and silver extended their record-breaking rallies.']