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The dollar reached a 16-month high against a basket of currencies as expectations of further interest rate increases by the Federal Reserve continue to support its strength. Minneapolis Fed President Neel Kashkari noted on Wednesday that price pressures remained elevated.
Reuters Asia morning markets round-up for Sept. 30 showed global equities mostly lower, with major bond yields elevated and currencies mixed. Gold rose 1% after a recent low, while Brent crude fell.
Stock markets were mixed across Asia and elsewhere on Tuesday as bond yields extended recent gains. Gold rose 1%, while the dollar strengthened against major currencies.