he dollar declined against major currencies Friday, providing a further boost to crude-oil prices and pushing spot gold above $1,000 a troy ounce, after Chinese economic data for August came in a bit stronger than expected. The dollar index a measure of the greenback against a trade-weighted basket of currencies, was recently trading at 76.63, down 0.2% from Thursday, as the Chinese data spurred risk appetite. Spot gold erased early losses and recently jumped $4.30 from New York levels to $1,000.70 a troy ounce, while October crude-oil futures were up 38 cents at $72.32 a barrel on Globex. Regional stocks also got a lift, with China's Shanghai Composite up 1.3% at 2,962.80, while Hong Kong's Hang Seng Index rose 0.8% after a tentative start. But Japan's Nikkei was down 0.5%, pressured by the yen's recent strength.
source:-n2cm.com
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