The dollar tumbled to its weakest level since the start of 2015, stocks declined and havens including gold and the yen rallied as fading expectations of U.S. interest-rate increases, North Korea tensions and natural disasters unsettled investors.
The dollar’s decline deepened as traders girded for economic damage to Florida from Hurricane Irma, set to make landfall on Sunday. A magnitude 8.0 earthquake shook Mexico, adding to investor anxiety and sending the peso weaker. The euro extended its march above $1.20. Ten-year Treasury yields fell toward 2 percent. Gold headed for a third week of advance ahead of a potential North Korean missile launch, while copper led most industrial metals lower and crude oil dropped.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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