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Firmer Bonds and Stocks, but the US Dollar Presses Ahead

From marctomarket.com

Overview: The S&P 500 hit three-month lows yesterday, while the Conference Board's measure of consumer confidence fell to a four-month low. New home sales fell to their lowest level in five years. The US federal government appears headed for a partial shutdown on October 1. Still, the greenback rides high. It is extending its gains against several G10 currencies, including the euro and sterling. The Swiss franc is moving lower for the 12th consecutive session. The beleaguered yen and yuan are consolidating near their recent lows. Most emerging market currencies are also softer. Gold has been sold below $1900 for the ... (full story)

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  • Category: Fundamental Analysis