China will release its factory activity data on Thursday, while private PMI surveys for various Asian economies will be out on Friday.
Dollar reaches highest level against the Yen in 2023
The U.S. Dollar is up 0.5% against the Japanese Yen at 147.24, the highest level of the year. This marks the Dollar's highest level against the Yen back to Nov. 7, 2022 when it traded as high as 147.56 against the yen.is down -2.85% in August, on pace for the worst month of the year back to Dec. 2022, when the Nikkei lost -6.7%.is down almost -4.6% month to date, on pace for the first negative month in six.
The S&P 500 is above its 50-day moving average for the first time in nearly two weeks. If this pace is maintained, the S&P 500 could close above its 50-day moving average for the first time since August 14. The Nasdaq Composite and Dow Jones Industrial Average meanwhile, are both trading above their 50-day moving averages for the first time since August 24.U.S. Treasury yields declined on Tuesday as investors braced themselves for a series of key economic data releases due this week that will shed light on the latest developments around inflation and the labor market, and could inform the Federal Reserve's next monetary policy moves.
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