Monday Blues: Precious Metals Are Less Precious
Source: SeekingAlpha
2026-02-02 08:48:00 ET
The dollar ( DXY ) begins the new week and new month in a mixed fashion. There have been some follow-through gains after the pre-weekend jump, but a consolidative tone has emerged. The greenback is holding on to gains against the Canadian dollar, Norwegian krone, and Swiss franc. It is nearly flat against the yen. Emerging market currencies are mixed, with Asian currencies mostly lower. The notable exception is the Indian rupee, which is up about 0.5% after the weekend budget pushed up rates. Geopolitical tensions have eased and the US and Iran are talking, and oil prices have tumbled....
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Monday Blues: Precious Metals Are Less Precious
Invesco CurrencyShares Euro Currency Trust
NASDAQ: FXE
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