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Australia Interest Rate Decision Due On Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBA is widely expected to keep its benchmark lending rate unchanged at 1.50 percent. South Korea will release August numbers for industrial production and…

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Oil Futures Hit Near 4-year Closing High On Supply Concerns

Crude oil futures rose to their highest settlement price in nearly four years on Monday, lifted by news about the U.S., Canada and Mexico reaching a trade agreement and on declining oil exports from Iran. Reports about supply disruptions in Venezuela too aided crude’s uptick. The U.S. sanctions on Iran will commence next month. With…

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Treasuries Move To The Downside Amid Easing Trade Concerns

After closing roughly flat for two consecutive sessions, treasuries moved to the downside during the trading day on Monday. Bond prices moved lower early in the day and remained firmly negative throughout the session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2.4 basis points…

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Dollar Mixed After Trade Agreement

The dollar is turning in a mixed performance against its major rivals Monday afternoon. Traders are breathing a sigh of relief after U.S. and Canadian officials agreed on a trade deal to replace the North American Free Trade Agreement shortly before a midnight deadline. The new trade deal, called the United States-Mexico-Canada Agreement, or USMCA,…

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Gold Futures Settle Lower As Dollar Edges Up

Gold prices edged lower on Monday, as the U.S. dollar moved up against major currencies, with traders betting on hopes the Federal Reserve will tighten its monetary policy over the coming months. Last week, the Fed raised the interest rate by 25 basis points and signaled another hike in December this year and three more…

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U.S. Construction Spending Shows Slight Uptick In August

With a jump in spending on public construction largely offset by a drop in spending on private construction, the Commerce Department released a report on Monday showing construction spending in the U.S. ticked up by much less than expected in the month of August. The Commerce Department said construction spending inched up by 0.1 percent…

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Dollar Little Changed After ISM Survey, Construction Spending

At 10:00 am ET Monday, U.S. construction spending for August and ISM manufacturing index for September have been released. After these reports, the greenback changed little against its major rivals. The greenback was trading at 113.91 against the yen, 0.9835 against the franc, 1.1606 against the euro and 1.3078 against the pound around 10:01 am…