Author: Joseph Woelfel / Source: TheStreet
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1. — U.S. stock futures traded lower on Friday, Sept. 8, as Hurricane Irma made its way toward Florida and investors feared the possibility of a missile launch in North Korea over the weekend.
According to reports, North Korea has been preparing for another test of an intercontinental ballistic missile, perhaps to mark the country’s founder’s day on Saturday, Sept. 9.
The U.S. dollar hovered near a two-and-a-half year low on Friday as investors tracked Irma and counted the ultimate cost of this year’s historic storm season on the world’s biggest economy.
The dollar index, which measures the greenback’s strength against a basket of six global currencies, slipped to 91.08 in overnight Asia trading, the lowest level since January 2015. Most recently, the dollar index traded at 91.12.
The economic calendar in the U.S. on Friday includes Wholesale Trade for July at 10 a.m. ET, and the weekly Baker Hughes Rig Count at 1 p.m.
2. — The U.S. National Hurricane Center said Friday that it lowered its assessment on Hurricane Irma to a category 4 storm but cautioned that it was still “extremely dangerous” and could bring “life-threatening” conditions around all of Florida when it makes landfall late Saturday, Sept. 9.
The NHC said the storm was moving through the Bahamas and was headed toward the north Cuba coast, where it is expected to…
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