September 3rd, New York Update: Global Markets and Geopolitical Briefing

03/09/2025 16 min Episodio 25
September 3rd, New York Update: Global Markets and Geopolitical Briefing

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Show Notes – Daily US Opening Briefing (Sept 3, 2025)FXUSD rally fizzled ahead of JOLTS; DXY near session lows.EUR dipped to 1.1609 before recovering; weak PMI revisions offered little support.USD/JPY briefly broke 149 before pulling back; early party election talk adds to Japan risk.GBP slid to 1.3330 before bouncing; UK Autumn Budget set for Nov 26th.AUD outperformed peers, lifted by stronger-than-expected Q2 GDP.CommoditiesCrude slid after reports OPEC+ may raise production at upcoming meeting.Gold touched fresh record near $3,550/oz, still holding upward bias.Copper broke above $10,000/t, supported by stable demand outlook.Tariffs & TradeJapan’s trade negotiator Akazawa to visit Washington Sept 4–6.Trump confirms appeal to Supreme Court to defend tariffs.EU’s Costa: diplomacy prioritized over escalation with U.S. tariffs.India in talks with U.S. on a bilateral trade agreement.GeopoliticsUkraine hit by major Russian air and drone attacks; Poland scrambled aircraft.Lavrov: lasting peace requires recognition of territorial realities.Israel debating full control of West Bank; fresh explosions in Gaza.Iran undecided on continuing IAEA nuclear negotiations.Xi, Putin, and Kim attended Beijing military parade; Xi warns of choice between “peace or war.”Trump accuses Xi, Putin, and Kim of conspiring against U.S. in social media post.

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