Real yields above 4% lock in the strong dollar
With US Core PCE above 3% and yields holding firm, the high-for-longer narrative suppresses Asia FX while anchoring greenback demand.
With US Core PCE above 3% and yields holding firm, the high-for-longer narrative suppresses Asia FX while anchoring greenback demand.
Societe Generale sees 120 tonnes of hidden buying. I explain why gold ignores real yields and what vault data reveals.