Dollar Extends Advance to Second Day as Metals Drop

The article discusses the recent strengthening of the US dollar against other major currencies. The dollar gained ground for the second consecutive day, marking its biggest two-day rally since April. This surge in the dollar's value was driven by a drop in precious metal prices and stronger-than-expected US manufacturing data. The article notes that the dollar's rebound from its near four-year low may have surprised some investors, as shorting the greenback was a popular trade last month. The report also mentions that until recently, President Trump's comments about acquiring Greenland and his apparent acceptance of the currency's selloff had fueled debates around the long-term decline of the US dollar. The article includes an interview with Jayati Bharadwaj, the Director of FX Strategy at TD Securities, who discusses the factors behind the dollar's recent strength.