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Dollar drops, gold near record high as bets for big Fed cut – Sep 13

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Fixed income

2-year Treasury yields were up 1.2 basis points to 3.6579%, while 10-year yields were at 3.683%, up 3 basis points.

Equities

Nikkei (.N225), opens new tab losing 0.7% under the weight of a stronger yen.
 Kospi (.KS11), opens new tab edged marginally lower.
Japan, mainland China and South Korea are all heading into long weekends, with Tokyo back on Tuesday, China on Wednesday and South Korea not until Thursday.

Forex

dollar dropped 0.42% to 141.22 yen as of 0020 GMT, heading back towards Wednesday’s low at 140.71, the weakest level this year.
DXY, dropped to a one-week trough.

Commodities

Crude oil continued to climb following gains of around 2% overnight as producers assessed the impact on output in the Gulf of Mexico after Hurricane Francine tore through offshore oil-producing areas.
US Crude WTI rose 0.5% to $69.32 per barrel, building on Thursday’s 2.5% rally. Brent added 0.4% to $72.26.
Gold hovered just below Thursday’s all-time high of $2,560.01, last changing hands at $2,558.55.
Index Last Change % Change
trading higher

41,096.77 +235.06 0.58%Positive
trading higher

17,569.68 +174.15 1.00%Positive
trading higher

5,595.76 +41.63 0.75%Positive
Index Last Change % Change
trading lower

36,683.02 -150.25 0.41%Negative
unchanged

17,240.39
trading higher

82,962.71 +1439.55 1.77%Positive

Source: LSEG, opens new tab – data delayed by at least 15 minutes

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