The U.S. Dollar's Role in the Global Market Selloff

Ira Epstein discusses the current market trends, focusing on the Federal Reserve's rate hikes and their impact on the dollar and gold prices. The conversation highlights the divergence between the US and European Central Bank policies, with the Fed continuing its rate hikes while the ECB delays its interest rate changes. The dollar's strength against other currencies, such as the euro and pound, is attributed to strong consumer spending and GDP growth. The discussion also touches on the potential for further currency movements and the role of safe havens like gold.

What is the Federal Reserve's current stance on monetary policy?

• They are reducing interest rates.

• They are maintaining a neutral policy.

• They are halting all rate hikes.

• They are increasing quantitative easing.

Which currencies are mentioned as being down against the dollar?

• Chinese yuan and Indian rupee

• Canadian dollar and Australian dollar

• Euro and British pound

• Japanese yen and Swiss franc

What tool is used to predict the dollar's movement?

• Interest rate calculator

• Price counts

• Currency converter

• Stock market index

What is the European Central Bank's current approach to interest rates?

• They are planning immediate rate hikes.

• They are reducing rates significantly.

• They are delaying rate hikes until at least 2020.

• They are increasing rates every quarter.

How does the divergence in monetary policies affect the dollar?

• The dollar remains unchanged.

• The dollar becomes highly volatile.

• The dollar weakens significantly.

• The dollar strengthens by default.