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Markets:
- Gold down $16 to $1848
- WTI crude oil down 78-cents to $90.93
- US 10-year yields down 0.2 bps to 4.57%
- S&P 500 down 12 factors to 4288
- AUD leads, CAD lags
The quarter ended with some drama because the US greenback shot increased, recouping losses from European and Asian buying and selling and in some circumstances making new highs. USD/CAD was notably sturdy as oil costs reversed decrease to complete the week flat.
As soon as once more, Treasury yields turned increased after an early slide. That took down fairness markets, which completed largely flat after a powerful open.
The explanations for the strikes had been extra to do with quarter-end flows than fundamentals because the inflation numbers within the PCE report had been barely smooth and Williams tilted dovish.
Gold was battered as soon as once more in a fall to the bottom since mid-March.
The US greenback had been a lot softer going into North American commerce nevertheless it gained strongly and broadly to complete largely unchanged on the day. That wraps up buying and selling for the week, month and quarter. I will have the October seasonals up on the weekend so test in.
Have a fantastic weekend.
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