Dollar pinned at multi-month lows as debt nerves unnerve investors - WTVB
Dollar pinned at multi-month lows as debt nerves unnerve investors - WTVB
Source: WTVB
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DW NOTE
The US has a $1.4 trillion deficit through three quarters while oil supply is down 4.3 million barrels a day and the Hormuz chokepoint remains closed. In that environment, gold at $4,690 and the dollar at multi-month lows aren't debt nerves — they're the market pricing what the Treasury cannot: that you can't print your way out of a supply shock when creditors are already backing away.