Inflation, Gold And 3 Things Affecting US Dollar – Investing.com

Inflation, Gold And 3 Things Affecting US Dollar – Investing.com

The economic calendar may not be as jammed pack this week compared with last week, but if today’s moves in commodities are a sign, this could be a very active week in the financial markets. 

ended the day down 2% after dropping more than 4% at the start of Asian trade. settled the day down about the same amount after bouncing off lows. The was mixed at the start of the New York session, but with turning positive, the greenback ended higher against all of the major currencies. These wild intraday swings can be explained by looking at three main factors affecting investor appetite and, more specifically, the outlook for the U.S. dollar this month. They are monetary tightening, inflation and the Delta coronavirus variant.