Dollar remains weak as beating eases for global stocks

May 19, 2017

The dollar limped toward its worst week since last July on Friday and world stocks headed for their first weekly fall in five, as storms surrounding Donald Trump’s U.S. presidency and Latin America’s biggest economy, Brazil, began to calm.

It has been the most eventful week of the year so far for investors, with leading share markets scaling record highs and then plunging in one of the sharpest cross-asset routs in years.

Wall Street was expected to nudge higher when it reopens after a tentative recovery on Thursday [.N]. Europe and Tokyo in Asia [.T] also eked out gains, while demand for safe-haven bonds had also eased.

Jitters persisted in some areas, though. The dollar sagged to its lowest level since Trump’s U.S election victory in November and safe-haven gold headed higher on the way to its best week since April.

Read more

This article was posted: Friday, May 19, 2017 at 8:39 am

Read more