Markets mostly drop as oil spike fuels fresh inflation fear
Wednesday, 6 September 2023
Most markets fell Wednesday as a jump in oil prices to 10-month highs rekindled worries of another US Federal Reserve interest rate hike. Traders were keeping tabs on Tokyo after the dollar jumped to a 10-month peak against the yen on increased rate hike expectations, and above the levels that led officials to step in with support last year.
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