- The US dollar was the weakest major currency on the day as traders increased bets on a 50bps “double” rate cut from the Federal Reserve later this month. The proximate catalyst for shift was a dovish speech by NY Fed President Williams, when he noted that it was “better to take a preventative approach than to wait for disaster.”
- UK Parliament passed an amendment to prevent a Parliamentary shutdown in October ahead of Brexit. The pound was one of the strongest major currencies on the day as a result, along with the Australian dollar.
- Gold surged to test $1445, its highest level in more than six years. Oil dropped 2% on the day, despite weakness in the US dollar.

Latest market news
Today 04:03 PM
Today 03:46 PM
Today 01:57 PM
Today 01:30 PM
Today 11:45 AM