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The dollar steadied on Monday and rose against the yen to an almost 11-month high on Monday. The dollar on Friday touched an over six-month high.
The US dollar rose along with Treasury yields on Friday. Earlier this week the Fed kept interest rates steady and signalled another hike by year-end.
The dollar index surged to a new peak in early March after the Fed hinted at another rate hike. Sterling and the euro hit multi-month lows.
The S&P 500 saw over 100 consecutive sessions without a 1.5% drop and only four days of >1% decline since July peak.
The dollar remained firm on Wednesday ahead of a much-anticipated rate decision by the Fed which will almost certainly keep rates on hold later.
The dollar held steady on Tuesday ahead of several central bank meetings this week. Japan's ultra-loose monetary policy kept the yen near a 10-month low.
Arm Holdings shares surged 25% on its first trading day after a $51/share IPO, raising nearly $5B, marking the largest US listing in two years.
Amid Germany's economic stagnancy, France is poised for a record year in international tourist spending, providing a boost to the euro zone's outlook.
German producer prices decreased more than expected on the year in July, their first fall in over two-and-a-half years.
Lionel Messi's MLS impact is evident as ticket sales rise; late-season game prices on the secondary market surge over 1,700% year-on-year.
The European Central Bank will raise interest rates from 3.75% to 4% at its September meeting and is expected to cut rates three times next year.
Last week Fitch Ratings downgraded billions of dollars worth of public finance credits that are linked to the rating company’s landmark decision to strip US government debt of its AAA status.
The Mexico peso has been up over 11% against the U.S. dollar year to date, making it the one of the best performing emerging currencies. That compared with the Indian rupee which was barely unchanged in the same period.
Oil prices barely change on Tuesday around a three-month high on signs of tightening global supply after OPEC+ production cuts and improved demand outlook.
Sources have told Reuters on Friday that the BOJ is leaning toward keeping its yield control policy steady this week, though there is no consensus within the bank.