The fall of currencies under the spell of stocks worries strategists

Financial Times/Eva Szalay/6-27-2020

“Currency analysts are lamenting an avalanche of cheap money from the US Federal Reserve, which they say has created bizarre conditions in which exchange rates track stocks rather than economic fundamentals.”

USAGOLD note:  Currencies rising against the dollar along with stocks – one more odd circumstance to rationalize in this year of the coronavirus …… It’s all about printing money and how and where that is going to play out. “Everyone,” says one analyst, “is confused about the world.”  So we are.