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Dollar rises to two-week high, stocks pare gains

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The dollar advanced a fourth day and Treasuries ticked lower as progress continued toward a final U.S. tax bill. European stocks pared earlier gains to trade little changed after two days of declines, and the British pound extended a retreat.

The euro was also lower against the resurgent greenback, and most European bonds dropped as German industrial output unexpectedly shrunk for a second month. The Stoxx Europe 600 drifted as telecom and travel shares led advancers but basic resource stocks weighed, and U.S. futures were similarly directionless. Earlier, Asian equities were mixed, with stocks rising in Japan, Hong Kong and Australia and falling in China and South Korea. Emerging-market equities resumed their decline. Sterling fell ahead of another U.K. government proposal to solve the Irish border impasse in Brexit negotiations, and gold declined to the lowest in four months.

Source: Bloomberg Pro Terminal

Jr Trader Alexander Kumanov


 Varchev Traders

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