Today the popular safe haven Gold weakened while the greenback got stronger due to expectations that U.S. Federal Reserve testimony will have less dovish tone from its chief Jerome Powell. The minutes from Fed’s prior gathering will be published later today.
The popular Gold also fell versus the EUR and was trading at about 1241.05. Now regarding the dollar basically, it went up to its 21-day top versus its major rival currencies today. The dollar gained a positive momentum due to the weakening expectations of an aggressive U.S. interest rate reduction.
Mexican finance minister resigns
Daily Analysis - 10/07/2019