The dollar rally paused on Friday and looked poised to finish its best weekly gain of the year with a whimper, when in a repeat of the Thursday session the, Bloomberg dollar index first rose more than 0.1% during Asia hours before slumping around the European open as month and quarter-end flows came into play again.
Authored by Daniel Lacalle via The Mises Institute,
“And I will pray to a big god, as I kneel in the big church”
—Peter Gabriel
Imagine for a moment that you are a British citizen with doubts about Brexit.
You turn on the television and listen to the President of the European Commission, Jean-Claude Juncker, state the following:
Authored by James Rickards via The Daily Reckoning,
Many readers are familiar with the original petrodollar deal the U.S made with Saudi Arabia.
It was set up by Henry Kissinger and Saudi princes in 1974 to prop up the U.S. dollar. At the time, confidence in the dollar was on shaky ground because President Nixon had ended gold convertibility of dollars in 1971.
From his small suburban home in Basingstoke, just west of London, Jay Smith - the No. 1 cryptocurrency trader at online brokerage eToro - looks for reasons to buy more bitcoin and other digital tokens.
The 29-year-old high school dropout and one-time professional video-game player doesn't mind the volatility, as Bloomberg reports, his portfolio is up 295 percent in the past 12 months... "I just put in an order for a Tesla, and I don’t even know how to drive..."
Two years ago, when UBS looked at the world's most expensive housing markets, it found that London and Hong Kong were the only two areas exposed to bubble risk.