Thursday Outlook: Dollar hits two-month highs; Asian shares drop

U.S. Federal Reserve stunned investors by signalling it might raise interest rates at a much faster pace

  
A photographer takes photo of a large screen showing stock prices at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. Image used for illustrative purpose

A photographer takes photo of a large screen showing stock prices at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. Image used for illustrative purpose

REUTERS/Kim Kyung-Hoon

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Bonds stung, dollar cheered by sudden hawkish turn at Fed
The fallout in equities was softer, but enough to push MSCI's broadest index of Asia-Pacific shares outside Japan down about 0.6%

Dollar hits two-month highs on Fed's hawkish surprise; kiwi climbs after GDP
The dollar index, which tracks the currency against six rivals, ticked up to 91.459 in Asia

Crude oil prices drop, pressured by stronger U.S. dollar
Brent crude oil futures dropped by 74 cents, or 1%, to $73.65 a barrel

Gold stages slight rebound on bargain hunting after Fed's hawkish tone
Spot gold was up 0.6% at $1,822.36 per ounce


 

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