Asian Currencies Mixed as Dollar Holds Gains After Fed Rate Hike 
China Industrial Output Beats Forecasts as Exports Support Growth 
Asian Currencies Mixed as Dollar Hits Seven-Week High After Fed Hike 
Oil Prices Fall as Saudi Supply Improves, Middle East Fears Ease 
Gold Prices Slip as Fed Rate Hike Looms, Treasury Yields Rise 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Saudi Arabia Raises Security Alerts as Houthi Attacks Threaten Oil Routes 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Trump Threatens EU Tariffs Over Canada Membership Proposal 
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The U.S. Treasuries gained during Tuesday’s afternoon session ahead of the Federal Reserve’s monetary policy meeting, scheduled to be held on September 18 by 18:00GMT, where it is widely expected to cut interest rates by 25bp, although prospects for more easing further out are less clear.
The yield on the benchmark 10-year Treasury yield edged plunged 2 basis points to 1.824 percent, the super-long 30-year bond yield suffered 1-1/2 basis points to 2.295 percent and the yield on the short-term 2-year too plummeted nearly 2 basis points to 1.747 percent by 11:50GMT.
Markets remain focused around the aftermath of the drone attack on Saudi Aramco’s oil facility. The producer has suggested that it may be weeks or months before full capacity is achieved. President Trump suggests he has no interest in a war with Iran, or anybody, preferring to go down diplomatic channels. This should alleviate some market risk for now, Lloyds Bank reported.
"We expect today’s US August industrial production report to show a 0.3 percent m/m headline increase, more than reversing the 0.2 percent fall in July. The ISM manufacturing report for August, however, fell below the key 50 level for the first time in three years," the report added.
Meanwhile, the S&P 500 Futures remained flat at 3,000.88 by 11:55GMT.
