Dollar Retreats From Four-Month High Before Feds Announcement

The dollar retreated following its longest weekly rally of 2015 as a selloff in stocks and commodities fueled concern global growth will sag as the U.S. considers raising interest rates. The U.S. currency weakened against most major peers amid renewed questions about whether the U.S. faces enough inflation pressure to warrant an increase in borrowing costs. The Federal Reserve meets this week to consider when to tighten monetary policy...

Gold Near Five Year Low as Investors Take First Net-Short Position

Gold traded near a five-year low as speculators were net-short the metal for the first time ever. Bullion for immediate delivery slipped 0.4 percent to $1,094.92 an ounce at 2:35 p.m. in New York, according to Bloomberg generic pricing. The shift in New York gold futures and options came as speculators increased their bearish wagers to the highest since the U.S. government data begins in 2006. Prices sank 3.1 percent last week, the...

Asian Stocks Fall as China Rout Triggers Drop in Global Equities

Asian stocks dropped after a rout in Chinese equities drove global shares lower. The MSCI Asia Pacific Index declined 0.7 percent to 139.94 as of 9:04 a.m. in Tokyo, extending its five-day fall to 3.7 percent. The Shanghai Composite Index plunged the most in eight years on Monday, intensifying concern government efforts to prop up shares are unsustainable. The turmoil bolstered speculation the Federal Reserve will keep U.S. interest...

Japanese Stocks Follow Global Equities Lower After Chinese Rout

Japanese stocks fell after a rout in Chinese markets drove global equities lower, damping investor demand for firms that rely on China for sales. The Topix index lost 1 percent to 1,621.82 as of 9:01 a.m. in Tokyo, with all but two of its 33 industry groups falling. The Nikkei 225 Stock Average declined 0.8 percent to 20,179.93. The yen rose the most in nearly three weeks after the Shanghai Composite Index sank 8.5 percent The biggest...

U.S. Stocks Drop After China Shares Selloff on Growth Concern

U.S. stocks fell, with equities posting their longest losing streak since January, after the biggest slump in eight years for Chinese shares amid concern over the nation’s economic growth. The Standard & Poor’s 500 Index slid 0.6 percent to 2,067.85 at 4 p.m. in New York, after touching its average price during the past 200 days. The S&P 500 has declined for four weeks out of five, and closed Monday 3 percent away from its...