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

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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.


Europe

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.

Sources: investing.com, reuters.com

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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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