cross-posted from: https://lemmy.ca/post/59320835
Canadian dollar gains 0.5% against the greenback
Touches its strongest since January 2 at 1.3705 Retail sales rise 1.3% in November Bond yields increase across the curve
cross-posted from: https://lemmy.ca/post/59320835
Canadian dollar gains 0.5% against the greenback
Touches its strongest since January 2 at 1.3705 Retail sales rise 1.3% in November Bond yields increase across the curve
The gold and silver market is another sign if a softening dollar. The treasuries will be slower to move, but record high gold and silver prices are a terrible sign for investor sentiment. In 2023 I said dedollarization was a meme. 2025 made it obvious it was inevitable. The question is just when Europe and the rest of the world will take back the US’s exorbitant privilege, and how badly they’ll react when we do.