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GLOBAL MARKETS-Dollar rises on safe-haven bid, stocks mixed

Published 22/09/2020, 17:52
© Reuters.
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* Fresh lockdown worries spook investors
* Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh


(Updates prices, adds comment; changes dateline, previous
LONDON)
By Rodrigo Campos
NEW YORK, Sept 22 (Reuters) - The U.S. dollar continued to
rise on Tuesday and stocks were mixed as new economic curbs to
control the spread of COVID-19 raised the fear of a second wave
of lockdowns that could reverse the nascent economic rebound.
Crude rose after a hard fall on Monday while stocks in
Europe and Wall Street offset most of the losses elsewhere. The
dollar index =USD was having its strongest two-day run since
April.
Sterling took a hit after UK Prime Minister Boris Johnson
told Britons to go back to working from home, along with new
curbs on pubs, bars and restaurants that he said could be in
place for as long as six months without some form of vaccine.
"As we all know the virus doesn't live in a vacuum and what
you see in one country or region will affect other places.
Economically it could have an effect," said Minh Trang, senior
FX trader at Silicon Valley Bank.
"Typically when there's some fear in the market and some
unknowns, investors would flow toward the dollar as a temporary
safe haven."
The dollar index =USD rose 0.468%, with the euro EUR=
down 0.55% to $1.1704.
The Japanese yen weakened 0.36% versus the greenback at
105.03 per dollar, while Sterling GBP= was last trading at
$1.2719, down 0.74% on the day.
The risk off sentiment was not enough to drag U.S. stocks
into the red, but it did put a lid on gains that follow a sharp
drop in equities on Monday.
The Dow Jones Industrial Average .DJI fell 26.74 points,
or 0.1%, to 27,120.96, the S&P 500 .SPX gained 12.17 points,
or 0.37%, to 3,293.23 and the Nasdaq Composite .IXIC added
76.26 points, or 0.71%, to 10,855.06.
The pan-European STOXX 600 index .STOXX rose 0.20% and
MSCI's gauge of stocks across the globe .MIWD00000PUS shed
0.01%.
Emerging market stocks lost 0.85%. MSCI's broadest index of
Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 1.11%
lower.
U.S. Treasury debt yields edged lower, with benchmark
10-year notes US10YT=RR last up 1/32 in price to yield
0.6675%, from 0.671% late on Monday.
Oil prices rose as analysts took the view that renewed
lockdown restrictions would have only a limited impact on fuel
demand, partly reversing a steep drop in prices the previous
day.
U.S. crude CLc1 recently rose 0.56% to $39.53 per barrel
and Brent LCOc1 was at $41.74, up 0.72% on the day.
Spot gold XAU= dropped 0.5% to $1,902.56 an ounce.



<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Global assets http://tmsnrt.rs/2jvdmXl
Global currencies vs. dollar http://tmsnrt.rs/2egbfVh
Emerging markets http://tmsnrt.rs/2ihRugV
Coronavirus vs financial markets https://tmsnrt.rs/300KB8r
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

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