Tuesday, September 4, 2012

September 4, 2012: Overview


The USD is stronger compared to most of its counterparts this morning as a weaker reading of manufacturing activity in the US pushes equity markets and commodities lower.  However the theme of the day remains the anticipation surrounding upcoming central bank meetings this month and the expectation that they will act to support global growth going forward with a new round of asset purchases.


Gold is flat on the day at 1691.40 while oil is down by a 0.5% at 96.70 in New York.



 
 
 
 

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