All three major U.S. stock indexes were down by 2% or greater in the last hour of trading, and poised for their worst declines since June. Stocks dropped across every sector as rates across the Treasury curve surged above 3% in anticipation of continued aggressive rate hikes by the Federal Reserve. The declines would amount to the worst for Dow industrials DJIA,
AUDUSD maintains its upward momentum
The Federal Reserve interest rate change and stabilising unemployment in Australia supported the Australian dollar. Find out more in our analysis for 19 September 2024.