The USD is closing the day mostly higher, though net changes were limited. The largest moves came against the NZD (+0.30%) and the JPY (+0.26%), while all other major currencies finished within 0.11% of Thursday’s closing levels. Price action was choppy, with the greenback firming ahead of the US session before turning lower after the weaker-than-expected University of Michigan consumer sentiment data.
Despite the weak sentiment data, US yields pushed higher, perhaps reflecting concerns about sticky inflation expectations. On the day, the 2-year yield rose 3.3 bps to 3.561%, the 5-year climbed 5.5 bps to 3.633%, the 10-year advanced 5.5 bps to 4.066%, and the 30-year increased 3.0 bps to 4.61%.
US stocks today close mixed with the Dow industrial average and the S&P index moving lower while the NASDAQ index rose and closed at a new record level.
Dow industrial average -273.78 points or -0.59% at 45834.22.S&P index -3.18 points or -0.05% at 6584.29.NASDAQ index +98.03 points or 0.44% at 22141.10.Russell 2000-24.46 points or -1.01% at 2397.06.Dow industrial average rose 0.95%S&P index rose 1.59%.NASDAQ index rose 2.03%Russell 2000 rose 0.25%.
Next week, no fewer than four central banks will announce their interest rate decision:
The Bank of Canada meets on September 17. The Canadian economy has slowed (employment statistics were weak last Friday), with growth under pressure and inflation easing, which gives policymakers scope to cut rates. Markets are pricing in the likelihood of resumed easing, though perhaps at a slower pace than in the U.S. The tone of the BoC statement will be important for gauging how far and how quickly it plans to move on policy over the coming months
The Bank of Japan meets on September 18–19, with policymakers widely expected to keep the policy rate unchanged at 0.5%, following earlier hikes this year. Markets anticipate that the BOJ could raise rates again in Q4 2025, potentially by 25 bps, if inflation and wage growth continue to show strength. A weak yen remains a key risk, as it amplifies import costs and inflation pressures, while political uncertainty after Prime Minister Ishiba’s resignation adds another layer of complexity . The BOJ is also under watch for signals on its gradual stimulus exit, including the potential unwinding of ETF holdings. Overall, the meeting is expected to be steady on rates, but investors will be focused on forward guidance and any revisions to inflation projections in the updated Outlook for Economic Activity and Prices.
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This article was written by Greg Michalowski at investinglive.com.Hence then, the article about investinglive americas fx news wrap 12 sep usd closes higher univ of mich is weaker was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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