November 8, 2022
We've talked about the falling dollar, which began with an outsized decline on Friday.
Again, that decline even outpaced the magnitude associated with two major central bank interventions of the past two months (Bank of England and Bank of Japan).
Yesterday we talked about some reasons why the dollar could be in the early stages of a trend change (to move lower).
The move lower in the dollar has given some life to gold (which typically moves inverse to the dollar).
Let's take a look at the chart …