and also crypto prices higher. specifically, i think two factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. now, let s talk about liquidity i think in the past few weeks we have seen actually easing from china, and also from the us, the fed has been injecting liquidity through running down its overnight repo facility. also, from a seasonality perspective, november, december tends to be actually quite favourable in terms of financial conditions. indeed, the rally in bonds or the fall of interest rates have helped also financial conditions to ease in the past few weeks. hence, we have seen a surge in liquidity in the system and that propels both gold and crypto currencies higher. the next reason is the us dollar. now, of course, both gold and crypto currencies are denominated in us dollars and when the us dollars become weaker, that is actually a tailwind for both asset classes. obviously, as we mentioned, given that the
factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. let s talk about liquidity, i think in the past few weeks we have seen actually easing from china and also from the us. the fed has been injecting liquidity through overnight repo facility. also from a seasonality perspective. november, december tends to be quite favourable in terms of financial conditions. the rally in bonds and the fall of interest rates has helped also financial conditions to ease in the past few weeks. hence we have seen a surge in the liquidity and the system and that propels both gold and crypto currency higher. the next reason is the us dollar. both gold and crypto currencies are denominated in us dollars and when the us dollar becomes weaker, that is actually a tailwind for both asset classes. as we mentioned, given the market is now pricing in increasingly probabilities of cut starting as early as april next year, us dollar has been weakening ver
crypto prices higher. specifically i think two factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. let s talk about liquidity, i think in the past few weeks we have seen actually easing from china and also from the us. the fed has been injecting liquidity through overnight repo facility. also from a seasonality perspective. november, december tends to be quite favourable in terms of financial conditions. the rally in bonds and the fall of interest rates has helped also financial conditions to ease in the past few weeks. hence we have seen a surge in the liquidity and the system and that propels both gold and crypto currency higher. the next reason is the us dollar. both gold and crypto currencies are denominated in us dollars and when the us dollar becomes weaker, that is actually a tailwind for both asset classes. as we mentioned, given the market is now pricing in increasingly probabilities of cut starting as early as ap
there are a few things that drive gold and crypto prices higher. the first one is the quality and the second is the us dollar. let s talk about liquidity. easing from china and also from the us, the fed has actually been injecting liquid italy, overnight repo facility. so also from a seasonality perspective, november december actually quite favourable in terms of financial conditions, and indeed the rally, or the fall of interest rates have helped also financial conditions to ease in the past few weeks and hence we ve seen a surge in liquidity in the system and that propels both gold and crypto currencies higher. the next reason is for the us dollar. both gold and crypto currencies is dominated by us dollars. when the dollar becomes weaker that is a tailwind for the causes. given that the market is now pricing in an increasingly probability of cuts are starting as early as april next year, the us dollar has been weakening versus both other currencies including gold and crypto
best i m wolf blitzer in the situation room. thanks very much for watching. the news continues next, i m seeing it hello, and welcome to all of our viewers watching around the world. i m nick watt ahead on cnn newsroom people around the globe are suffering stifling temperatures and the heat is causing a soaring death toll at this year s hajj in france shocking allegations over the alleged sexual assault of a jewish girl have lead to a nationwide debate on rising anti-semitism that could impact the upcoming election and new york becomes the first us state to pass a law regulating social media algorithms targeting children can it make a difference? we ll talk to an expert just ahead we begin with the extreme heat impacting millions of people from the united states to europe, the middle east, and asia almost all of the continental us could see temperatures above 90 degrees fahrenheit or 32 degrees celsius over the next few today s more than 100 million people are under exc