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The dollar drifted lower and global stocks were cautiously positive on Monday as investors awaited a flurry of policy announcements
– Asian stocks edged towards a weekly loss on Friday and the U.S. dollar was headed for a month of gains after U.S. inflation came in steady, without the hoped-for surprise on the downside. Soft demand at a 30-year Treasury auction and a blowout in the U.S. budget deficit last month also weighed on bonds, and their higher yields in turn pushed the dollar up – particularly against a yen pinned by yield control in Japan. The yen touched a six-week low of 144.89 per dollar in early trade on Friday, though volumes were thinned
– Asian stocks hit a one-month low and logged a weekly loss on Friday while the dollar headed for a month of gains after U.S. inflation came in steady without surprising on the low side. Soft demand at a 30-year Treasury auction and a blowout in the U.S. budget deficit also weighed on bonds, and their higher yields in turn lent the dollar a leg up – particularly against a yen pinned by yield control in Japan. The yen touched a six-week low of 144.89 per dollar in early trade, though volumes were thinned owing
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