MARKET WEEK AHEAD: GOLD POPS, US DOLLAR DROPS, GBP/USD AND EIR/U
The US dollar continues its move as traders price in an aggressive series of rate cuts next year. US Treasury yields are falling, leaving the US dollar at risk against a range of other currencies. Thursday’s US GDP figures missed expectations, as did Friday’s core PCE readings. Both of these releases underpinned the US dollar move lower.