Dollar to End Month Near One-Year Highs as Yields Flourish in September
EUR/USD – Euro US Dollar
a 1.1580 -0.0001 -0.01%
GBP/USD – British Pound US Dollar
a 1.3478 +0.0006 +0.05%
USD/JPY – US Dollar Japanese Yen
A 111.37 +0.10 +0.09%
“US interest rates have moved sharply higher during the past two weeks, driven almost entirely by real rates,”
The safe-haven dollar saw a bid over concerns that the Fed could start tapering in a period of slowing global economic growth and persistently high inflation. It also got a boost as an impasse over the U.S. debt ceiling that threatens to shut the government down continues.
Gold Spikes at End-Sept; Too Little, Too Late for Month, Quarter
P = $1,723.55 +31.84
A = $1,755.39 +10.13
Gold had one of its better days for September as the month ended. But the gain was too little, too late to be meaningful for the month or even the quarter.
Safe-haven status was the debacle in the Senate where Democrats were trying to secure a deal with rival Republicans to raise the U.S. debt ceiling and avert a government shutdown and what could be the country’s first-ever debt default.
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WTI: P: 75.00 A: 75.03 BRENT: P: 78.31 A:78.32
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