"Dow soars 800 points as stocks extend massive rally on fresh hopes for less hawkish central banks". Read

"Employment data added to optimism that the tightening cycle may come to a close sooner than previously thought. Job openings in August plunged by 1.1 million in a possible sign that a slowing labor market will ease inflationary pressure."

"Stocks soar, yields slide on hints of cooling economy". Reuters

"U.S. stocks and oil on Tuesday posted strong gains for a second straight day while U.S. Treasury yields slid as investors wondered if global efforts by central banks to fight inflation may ease in the future."

A soaring US dollar will force the Fed to pivot away from its interest rate hikes: Business Insider

"It appears increasingly likely that the Federal Reserve will pivot away from its currently hawkish monetary policy as global US dollar liquidity is now in the "danger zone where bad stuff happens," Morgan Stanley's Mike Wilson said in a Monday note."

"The Fed hasn't realized the chances of a 'nirvana' where inflation falls without unemployment soaring, economists say." Read

"But both the Fed and investors have been discounting the likelihood of a more painless outcome — where people have lower expectations about inflation and that means they push less for wage rises, according to Pantheon Macro's Ian Shepherdson."

"Eight banks being investigated in connection with exchange rate manipulation, SBP governor tells NA panel": (the whole lot in fact). Read News.

"Bank Al Habib, Habib Bank Limited, National Bank of Pakistan (NBP), Meezan Bank Limited, United Bank Limited (UBL), Allied Bank Limited (ABL) and Standard Chartered were being investigated in the first phase, Ahmad disclosed. However, he did not name the eighth bank. Show-cause notices had been issued to ABL, NBP and Standard Chartered, he informed the panel."

LNG tenders fail to fetch bidders: Dawn News

"Pakistan’s Liquefied Natural Gas (LNG) shortages appear prolonging for years as it failed to attract any bidder for a long-term contract because of tight international market conditions."

USD Index DXY down to 110, about 4% from its last week high. tweet

"US dollar slid against most major currencies on Tuesday as the yield on the US 10-year Treasury fell after Australia's central bank surprised investors with a smaller-than-expected interest rate hike. EURO climbed more than 1%."