NZ dollar rises but seen as range-bound ahead of election

NZ dollar rises but seen as range-bound ahead of election

NZ dollar rises but seen as range-bound ahead of election

Best Buy fell more than 8.6 percent after the No.1 USA electronics retailer forecast 2021 adjusted earnings well below Wall Street estimates.

"Market continues to firm up".

CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms including: CNBC.com; CNBC PRO, the premium, integrated desktop/mobile service that provides live access to CNBC programming, exclusive video content and global market data and analysis; a suite of CNBC mobile products including the CNBC Apps for iOS, Android and Windows devices; and additional products such as the CNBC App for the Apple Watch and Apple TV.

"So we might see Asian currencies fail to make any significant gains, and they may even be on the back foot, if we do see the dollar resume more upside", Kotecha added.

Looking to the market impact, we would need to see a significantly more hawkish Federal Open Market Committee (FOMC) meeting to really shift the outlook for the dollar, which has steadily declined all year.

USA gold futures GCcv1 for December delivery were up 0.3 percent to $1,314.40 an ounce.

NZ dollar rises but seen as range-bound ahead of election

"The trend in inflation has taken a downtick".

Fed Vice Chair Stan Fischer recently announced that he'll be leaving his post in mid-October for "personal reasons", and Chair Janet Yellen's first term ends early next year.

The central bank is expected to announce plans to begin unwinding its $4.2 trillion portfolio of Treasuries and mortgage-backed securities, almost a decade after the global financial crisis.

The, which tracks the greenback against a basket of six major rivals, inched 0.1 percent lower to 91.946 ().

Benchmark 10-year Treasury notes US10YT=RR were last down 8/32 in price to yield 2.229 percent.

In merger news, Orbital ATK jumped more than 20 percent in premarket trading after Northrop Grumman said it would buy the missile and rocket maker for about $7.8 billion in cash. General Electric went up +2.21%, Caterpillar up +2.03% and Boeing was up +1.64%.

FCA Recalls 443000 Ram Heavy-Duty Pickups for Fire Risk
Again, the problem is not with the diesel engines, but with a bad bearing on the water pump. Fiat Chrysler encouraged customers to consult a dealer whenever a warning lights pops up.

Advancing issues outnumbered decliners on the NYSE by 1,705 to 773. On the Nasdaq, 1,851 issues rose and 902 fell.

The most influential movers on the index also included Potash Corp of Saskatchewan (POT.TO), which gained 3.5 percent to C$23.59, and Agrium Inc (AGU.TO), which was up 3.6 percent to C$132.65.

Last week, Canada's competition watchdog said it would not challenge a proposed merger between the two companies.

As of 1:30 p.m. EST, gold was trading at $1,307.18 per ounce, up 0.2 percent from a low of $1,304.10 touched the previous day. GDP figures are due out tomorrow and are forecast to show growth accelerated to 0.8 percent in the second quarter from 0.5 percent three months earlier for an unchanged annual growth rate of 2.5 percent.

The Dollar Index remains bearish on the daily charts.

Among base metals, copper for December delivery closed little changed, up less than 0.1% at $2.9695 a pound.

Asian markets rise ahead of Trump speech, Fed meeting
Benchmark 10-year notes US10YT=RR last fell 5/32 in price to yield 2.2463 percent, up from 2.23 percent late on Monday. The Federal Open Market Committee wraps up a two-day meeting Wednesday , but a rate hike is not expected.

"One of the pre-conditions Chair Yellen had stipulated back in March was the need for solid underlying momentum in the U.S. economy, and recent weather-related disruptions may give officials a reason to hold fire", he said.

Gold and silver edged higher in morning trade on Tuesday ahead of a two-day Federal Reserve meeting that kicks off later in the day.

Methanex Corp rose 3.6 percent to C$63.80 after TD raised its price target on the stock.

About 5.97 billion shares changed hands on US exchanges on Monday, compared with the 5.91 billion average for the last 20 sessions.

Kim Kardashian will tone down her naked selfies - but not just yet
I think I've like learned to go grow into it, and really love fashion. Because I just don't care about that stuff anymore, I really don't.

Related news