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The dollar rises to a two-month high against a basket of currencies, extending recent gains on expectations for further U.S. interest-rate increases as soon as next month. The market currently prices a 73% chance that the Federal Reserve will raise rates by another 25 basis points in October, accor…
Major stock indexes fell as oil resumed its rise and Treasury yields extended gains ahead of more expected Fed rate hikes. Nvidia rose after boosting its buyback authorization, while gold fell and the dollar strengthened.
Emerging Asian stocks rose on Monday, led by chip-related shares, as investors awaited a meeting between US President Donald Trump and Chinese President Xi Jinping later this week for signals on trade ties and the global economic outlook.
The Aussie dollar stays around $0.72 near a fifteen-week high, on track for a ninth straight weekly gain since 2010. The move tracks hotter July inflation and household spending, lifting bets on an RBA rate hike.