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Commodities: Prices supported by the USD weakness - BNZ

All commodity prices are being support by the US Dollar weakness and risk averse financial markets at present, according to analysts at BNZ.

Key Quotes

“Oil Prices are fluctuating around $50/barrel, stalemated between increasing US production, offset by OPEC production cuts and falling US crude stocks.”

“An impending hurricane threat causing the evacuation of platforms in the Mexican Gulf may affect short term US production.”

“Metal Prices at very high levels, mostly on China demand, reduced inventory and multiple supply disruptions.”

USD/JPY upside capped near 109.80 ahead of Yellen

The Japanese currency remains on the defensive so far today, pushing USD/JPY to the upper end of the range in the 109.70/80 band. USD/JPY propped up
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US: Government shutdown looming – Rabobank

When the US Congress returns from recess on September 5 it faces the critical task of passing a budget in order to avoid a government shutdown and to
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