The dollar held near a 3-1/2-year high against the yen and was little changed against the euro on Monday after last week’s stronger-than-expected U.S. jobs growth fueled speculation the Federal Reserve could back off its ultra-loose monetary policy sooner than anticipated.
The euro slipped against the dollar Monday as caution ahead of a round of monetary policy meetings this week pushed the currency to its lowest level against the greenback in over two months.
The euro traded at $1.3019, down from $1.3066 late Friday.
Asian bonds fell a fifth day, with the informal benchmark index headed for a longest losing
streak in dual months, as mercantile reports from a U.S. to China and Australia stoked regard tellurian expansion is slowing.
English: The Bank of England offices in Leeds. (Photo credit: Wikipedia)
The bank’s Monetary Policy Committee kept rates during 0.5 percent and did not boost a asset-buying program, value £375 billion, or $598 billion. The program, famous as quantitative easing, aims to boost a income supply to inspire spending and borrowing.
In July, a bank announced an additional £50 billion of item purchases that is still underneath way, and some analysts design a serve enlargement in November.
Good morning. Here’s what you need to know. Asian markets were mixed in overnight trading with the Nikkei down 0.57 percent, falling to a two-week low. Europe is selling off, and U.S. futures are flat.
Treasury prices rose on Monday, pulling yields down for a sixth event in seven, as a miss of vital information and low trade volumes gave traders small provender forward of Federal Reserve Chairman Ben Bernanke’s debate during a Fed shelter on Friday.
Yields on 10-year records , that pierce inversely to prices, fell 4 basement points to 1.65%. They haven’t sealed next that turn given Aug. 13, according to FactSet. A basement indicate is one one-hundredth of a commission point.
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Shanghai fell to a fresh multi-year low, while losses for Samsung Electronics curb gains in South Korea. Japan sees modest gains.
GLOBAL MARKETS: European Stocks, Euro Drop; Greece, FOMC in FocusWall Street JournalEuropean stocks slid and the euro pulled back against the dollar Wednesday as investors consolidated recent gains, while upcoming meetings between Greece’s prime minister…
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