investingLive Americas FX news wrap 21 Sept: Nasdaq closes at a record,oil slides, Fed officials discuss more hikes

Fed's Collins pencils in second hike this year, then expects rates on hold in 2027 Nasdaq Composite closes at a record as Meta and chip stocks surge Trump proposes USD 5 billion fund to help rebuild Gulf energy sites — WSJ St. Louis Fed’s Musalem: Interest rates likely need to rise further to tame inflation Meta shares surge more than 10% as Muse excitement triggers a major technical breakout BOC’s Macklem: It could take some time for higher fuel margins to normalise Expect the News Headlines from Trump and the administration to be fast and furious going into the elections Bank of Canada’s Macklem: US tariffs could roughly halve fourth-quarter growth to below 1% Yemen President spoke to Trump but Trump made no pledge of military support Morning Kickstart: Oil slides as Middle East supply fears ease and risk appetite improves investingLive European session wrap: Oil extends fall, Bitcoin jumps to highest since January The Nasdaq closed at a record on Monday as Meta’s rally helped lift shares of Intel, AMD and Arm. At the same time, oil moved sharply lower. October light crude fell 4.87% to $95.42, while Brent moved above and below $100 and was near $100.05 in the supplied snapshot. The contrast sums up the session. Investors embraced the AI trade, but a pullback in oil eased some immediate energy inflation concerns. Three Fed officials still argued that inflation could require further action. The dollar was mixed to mostly higher, and Treasury yields fell beyond the short end of the curve. Foreign exchange was mixed with a tilt to the upside. The USD gained against the EUR, JPY, GBP, CAD and NZD. It was little changed against the AUD and slipped modestly against the CHF. The dollar’s largest gain among the currencies shown was against the JPY: USDJPY was near 157.39, up 0.34%. USDCAD was also up 0.34%, near 1.4034. The CHF was strongest against the dollar, although its gain was small. U.S. Treasury yields see the yield curve flatten A snap shot of the US debt market