Pro News Weekly: The Dollar Takes a Hit

Welcome to Pro News Weekly!

💵 The U.S. dollar falls as Treasury yields drop after the Treasury Department signals increased buying of long-term bonds, although its ability to influence the $31 trillion debt market remains limited.

📈 The S&P 500 stays close to record highs despite falling yields, with 56% of asset managers overweight equities and cash holdings hitting a record-low 3.5%.

🪙 Gold climbs back above $4,500 as lower Treasury yields and a weaker dollar support demand, while government intervention in financial markets adds to concerns over fiat currencies.

₿ Bitcoin breaks out of its 62,000 – 67,000 consolidation range, supported by $1 billion in ETF inflows and $2.75 billion in purchases from crypto whales over the past 60 days.

📊 Next week, investors will focus on Jackson Hole, Kevin Warsh’s views on markets and the Fed, as well as U.S. PCE inflation, durable goods orders, Australian inflation and Canadian GDP.

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