OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Reason for the dollar down today

Posted by Buygold @ 19:43 on September 4, 2024  

The dollar dumped a bit yesterday, looks like the “JOLTS” job offerings missed by a country mile this am – by over 400K.

Couldn’t figure out what the deal was with the dollar all of a sudden, rates fell too by another 8 bips.

Oil closed at $69.25, first time under $70 in a while. Regardless of what they say, this world is awash in oil. If Trump wins, our production will force prices much lower.

Jobs report on Friday. Always a fun time. 🙂

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.