GLOBAL STOCKS/Dollar, equities gain on upbeat manufacturing data 2 New York

Monday 1441/12/13 - 2020/08/03
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The dollar gained against a basket of currencies as investors unwound some recent short positions after the currency posted its weakest monthly performance in a decade in July.
Speculators' net shorts on the dollar are at their highest since August 2011 at $24.27 billion, Reuters calculations and U.S. Commodity Futures Trading Commission data show.
The dollar index rose 0.151%, with the euro down 0.13% to $1.1759. The Japanese yen weakened 0.10% versus the greenback at 106.00 per dollar.
Brent crude futures settled up 63 cents at $44.15 an ounce. U.S. crude futures rose 74 cents to settle at $41.01 a barrel.
Gold closed little changed, but was poised to break through the $2,000 an ounce mark.
U.S. gold futures settled mostly unchanged at $1,986.30 an ounce.
Dollar bears also took some profits on crowded short positions, but further gains were likely to be capped by the slowing U.S. economic recovery and real rates breaking below -1% for the first time.
The real rate hit a record low amid a marked flattening of the yield curve as investors wager on more accommodation from the Federal Reserve.
Benchmark 10-year Treasury yields rose 2.2 basis points to 0.5576% after touching the lowest level since March last week.
German government bond yields rose slightly to -0.525%.
China's manufacturing data helped blue chips rally 1.6%, offsetting worries about U.S.-China relations. Japan's Nikkei added 2.2%, courtesy of a pullback in the yen.
22:34 LOCAL TIME 19:34 GMT