BLBG:Dollar Falls as Bonds Rise With Gold; Europe Stocks Fall
The dollar weakened the most in a month against the euro, bonds rose and gold gained as disruptions from the U.S. debt-ceiling debate prompted speculation the Federal Reserve will maintain stimulus. European stocks slipped from a five-year high.
The dollar slid 0.7 percent to $1.3634 per euro at 10:25 a.m. in London. Treasury 10-year note yields fell four basis points to 2.62 percent and the yield on similar-maturity German bunds dropped four basis points to 1.89 percent. Gold jumped 2 percent to $1,307.84 an ounce. The Stoxx Europe 600 Index decreased 0.2 percent. Standard & Poor’s 500 Index (SPX) futures dropped 0.2 percent after the U.S. gauge closed within 0.3 percent of a record yesterday.
The dollar weakened the most in a month against the euro, bonds rose and gold gained as disruptions from the U.S. debt-ceiling debate prompted speculation the Federal Reserve will maintain stimulus. European stocks slipped from a five-year high.
The dollar slid 0.7 percent to $1.3634 per euro at 10:25 a.m. in London. Treasury 10-year note yields fell four basis points to 2.62 percent and the yield on similar-maturity German bunds dropped four basis points to 1.89 percent. Gold jumped 2 percent to $1,307.84 an ounce. The Stoxx Europe 600 Index decreased 0.2 percent. Standard & Poor’s 500 Index (SPX) futures dropped 0.2 percent after the U.S. gauge closed within 0.3 percent of a record yesterday.