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US Dollar destruction continues…
‘Buy everything!’ could be a new mantra for investors at the moment as all time highs are seen in everything from gold to the Tech Titans to bonds, which are pushing yields through record lows. More stimulus is highly likely, with Treasury Secretary Mnuchin saying he hoped to see an agreement by the end of the week for the next ‘Phase IV’ economic aid package. US Stocks have opened in the green as European stocks climb to one-week highs. However, the USD is trading lower reflecting a resumption of the broader sell-off seen over the past few weeks. Sentiment towards the greenback has not been helped by a big ... (full story)
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