U.S. retail sales rose broadly in August, which should ease some concerns about consumer spending and support expectations for sturdy growth in the third quarter.
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European shares slipped for a third straight session on Tuesday, weighed down by companies which trade dollar-denominated commodities such as oil, as investors shortened the odds on an early hike in U.S. interest rates.
A robust dollar swept to a 14-month high on Tuesday as investors tweaked bets on an early hike in U.S. interest rates, burdening oil, gold and stocks in the energy majors. As the dollar broke to a six-year peak on the yen and a 14-month top against the euro, gold sagged to a three-month trough and Brent oil settled below the $100 a barrel mark.
Asian shares held firm while the euro hit one-year lows on Tuesday as investors increasingly expect the European Central Bank to expand liquidity as soon as next week to boost the sagging euro zone economy.
Exchange law passed last year was done as a step toward increased kwanza trade.
Sony Corp.'s hedge for its PlayStation game enterprise has backfired as dollar costs rise.
The dollar has risen after a month-long slump but the journey upwards is not going to be smooth.
Ultimately, the determinant as to the increase or decrease of the value of an asset is the foreign currency exchange.
US jobs results confirm Fed's expectations and strengthens the dollar.
Last Friday, US stocks jumped by 1% while the dollar rallied and Treasury debt prices decreased.
As the dollar wins over other currencies such as the rouble and peso, emerging corporate bonds increase.
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