May
14
Dollar Weakens as Global Bond Slump Continues; Asian Stocks Drop
ByThe dollar slipped toward a four-month low versus major peers, while European bonds slipped amid a global debt selloff. Asian stocks retreated with crude oil.
The Bloomberg Dollar Spot Index retreated 0.2 percent by 7:19 a.m. in London, as the currencies of New Zealand, South Korea, Malaysia and Taiwan gained at least 0.6 percent. Germany’s 10-year notes yielded as much as 0.755 percent and Japanese notes paid the most since March. U.S. and European stock-index futures were little changed. The MSCI Asia Pacific Index slid 0.3 percent and oil slipped 0.3 percent in New York…
Dollar Weakens as Global Bond Slump Continues; Asian Stocks Drop
