Thursday Outlook: Dollar continues to rise; Asian shares tumble

Oil futures drop on concerns of economic recovery in the US

  
A worker wearing a protective mask walks as he cleans the floor past an electronic board displaying the stock market index at the Indonesia Stock Exchange (IDX), as the outbreak of the coronavirus disease (COVID-19) continues, in Jakarta, Indonesia, September 8, 2020.

A worker wearing a protective mask walks as he cleans the floor past an electronic board displaying the stock market index at the Indonesia Stock Exchange (IDX), as the outbreak of the coronavirus disease (COVID-19) continues, in Jakarta, Indonesia, September 8, 2020.

REUTERS/Willy Kurniawan

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Asian shares tumble as global recovery hopes falter
MSCI's broadest index of Asia-Pacific shares outside Japan tumbled 1.35%

Dollar holds advantage as money flees from risk assets
The dollar is likely to continue to rise as another spike in coronavirus cases in Europe boosts its appeal

Gold falls to over two-month low on stronger dollar
U.S. gold futures were down 0.3% to $1,862.30

Oil falls on fuel demand growth concerns as coronavirus lingers
Brent crude futures fell 28 cents, or 0.7%, to $41.49 a barrel


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