By Jamie McGeever

ORLANDO, Florida (Reuters) -TRADING DAY

Making sense of the forces driving global markets

By Jamie McGeever, Markets Columnist

U.S. stocks dipped slightly on Tuesday but not before the S&P 500 and Nasdaq hit new highs, as investors braced for an expected rate cut from the Federal Reserve on Wednesday. Gold also hit a new high and the euro reached a four-year peak as the dollar’s doldrums deepened.

More on that below. In my column today I look at the surge in dollar hedging this year, and how it ties together two of global investors’ main trades this year – long Wall Street, short the U.S. dollar.

If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.

Today’s Key Market Moves

Today’s Talking Poin

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