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The US benchmarks hit new lows - Monday Review, September 21

Miguel A. Rodriguez
Miguel A. Rodriguez
22 September 2020
COVID-19 is taking over the world once more

The US

The benchmarks plunged yesterday as the hope of a new stimulus package faded. USA30 fell 2.28%, while USA500 was down 1.76%. TECH100 slipped 0.85%.

Oil lost 4.4% to $39.31 per barrel, while the global benchmark, Brent Oil traded 4% lower at $41.44. 

Gold fell 2.1% to $1,909.05 per ounce.

The Dollar Index rose 0.8%. 

Asia and Australia 

HongKong45 lost 1.09% after HSBC became one of the main banks accused of moving large amounts of money to illicit funds in the past twenty years. 

Australia200 reached a one-month low after it lost 0.71%.  

AUD/USD gained 0.41% to 0.7319.


Europe50 was down 1.7%, and UK100 lost 2.4%, both reaching a two-week low. Germany30 fell 2%. The losses were driven by the new spike in COVID-19 infections, with countries considering new lockdowns. 

EUR/USD was flat at 1.18325.


The information presented herein is prepared by and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.                                                                                                                            Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience, or current financial situation.Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books. 

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