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- The U.S. dollar trade calm, but still was on track to post its biggest monthly gain in over a year…
- Asian markets trade under pressure with eyes on Hong Kong, as investors wondered what China's response would be to civil unrest. Japan's Nikkei -0.84%, Hong Kong's Hang Seng -0.97% (07:02 GMT), Korea's Kospi -0.32%, Australia's ASX 200 0.52% and China's Shanghai 0.26%.
- Tens of thousands of pro-democracy protesters blocked Hong Kong streets, in one of the biggest political challenges to Beijing since the Tiananmen Square crackdown 25 years ago.
- The dollar index last stood at 85.544, not far from an overnight peak of 85.798, a high not seen since July 2010.
- The European Central Bank's monetary policy decision will be the center of attention for the markets this week, with the Governing Council set to meet in Naples, Italy on Thursday. With the latest macroeconomic reports showing a slowing performance of some of the euro zone's strongest economies - namely Germany, France and Italy - investors in Europe are keen to see more forceful action. "Euro zone business sentiment indicators are likely to deteriorate further in September. The Economic Sentiment Index is forecast to drop from 100.6 to 100.
- Australia and New Zealand Bank on EUR/USD: ANZ is out with a note advising clients to stay long USD and to resist the temptation to take profit on their long USD positions yet. "The Fed is heading towards tightening and that is likely to have abrupt implications for financial markets...Generally therefore, we remain USD bullish, particularly against the commodity bloc, Asia, and the yen," ANZ says. For the EUR, however, ANZ argues that the case is more nuanced warning clients to not get too bearish on the single currency. "We continue to remind readers that Europe runs a large and persistent basic balance surplus, and the current account has largely been recycled via deleveraging outflows from financial institutions, not portfolio outflows as is commonly believed," ANZ argues.
- Spain’s constitutional court suspends Catalonia independence vote.
- UK house prices declined by 0.2 % in September , following sixteen consecutive monthly price rises. As a result, the annual pace of house price growth moderated to 9.4% from 11% in August.
- Japan's jobless rate shrank to 3.5 percent in August and the availability of jobs held steady at the highest in 22 years, reflecting recent improvement in the labour market.
- Housing starts in Japan declined at a slower rate in August, defying expectations of a faster rate of decline, data showed Tuesday. Housing starts dropped 12.5 percent year-over-year in August following the 14.1 percent decline in July. Economists had expected a decrease of 14.2 percent.
- China’s HSBC survey of manufacturing (PMI) for September disappointed slightly by showing a final reading of 50.2, steady on August but down from its preliminary 50.5. New export orders climbed to a 4-1/2-year-high of 54.5.
- The Brazilian real fell to a near six-year low and the benchmark Bovespa index notched its biggest one-day drop in more than three years after a poll showed President Dilma Rousseff gaining on challenger Marina Silva ahead of Sunday's election.
- One of the worst performing major currencies this month was the New Zealand dollar, which is down nearly 7 percent. Data on Monday confirming the Reserve Bank of New Zealand had intervened to weaken the currency.
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