RAYC - 5 Things That Happened Monday

• USD finished last week on a soft note but steadied at the start of the week, edging higher against nearly all major currencies. The Australian and New Zealand dollars were the weakest, off about 0.3%.
• The JP Morgan Emerging Market Currency Index snapped a six-day rally, its longest in seven months, with a minor loss on Monday (~0.05%).
• Despite the small losses in the S&P 500 and the Dow Industrials after disappointing US August employment data, Japan, Hong Kong, and China equity indices rallied more than 1% and were sufficient to lift the MSCI Asia Pacific Index for the seventh consecutive session.
• A coup in Guinea raised fears of a disruption in bauxite, which sent aluminum prices up nearly 2% to their highest level in more than 10 years.

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