Asian stocks slipped on Monday as increased geopolitical risks prompted investors to favor safe-haven bets such as government debt while the greenback was supported by Federal Reserve policy tightening expectations.
The dollar index, a trade-weighted basket of the greenback against its major rivals rose to near a one-month high of 101.30.
Only the yen, a favored haven in times of stress, offered some resistance against the greenback at 111.44 yen, after touching 110.11 on Friday, its lowest since March 27.
Yields on 10-year U.S. Treasuries were at 2.38 percent on Monday after briefly breaking below a significant chart barrier at 2.30 percent on Friday for the first time this year.
Spot gold was last at $1,252.70 per ounce. It has rallied nearly 5 percent over the past month.
Oil prices held firm at $52.36 per barrel, on risks that the Syria conflict may spread more widely within the oil-rich Middle East region.
Source: Bloomberg
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.