Euro Weakens Against Dollar After Strong US Payroll Numbers, Brent Crude Slips Back Below $60
March 9, 2015 7:00 am
Asian stocks buckled and U.S. stocks closed lower on Friday whilst the S&P 500 declined for a second straight week after the Dollar held firm on Monday after strong U.S. jobs data fanned expectations that the U.S. Federal Reserve may raise interest rates sooner than previously thought. The Dow closed 278 points lower to close the week at 17,856, while the S&P500 lost 29 points to close the week at 2,071.
The Euro fell as low as $1.0822 in early Monday trade and last stood at $1.0850. The Dollar fetched 120.95 Yen, having hit a three-month high of 121.29 Yen. The Aussie was at $0.7710, close to a six-year low of $0.7627 plumbed last month but finding some support after Australian job numbers rose for the ninth straight month in February.
Brent eased 13 cents to $59.60 by 07.22 GMT, after dropping 75 cents in the previous session. It fell 4.6% last week in its biggest decline since the week ended Jan. 9. U.S. crude gained 4 cents at $49.65, after closing down $1.15 on Friday to complete a third week of declines. Gold also fell to a three-month low of $1,164.10 per ounce on Friday. Early on Monday it traded at $1,169.90.
Britain’s Serious Fraud Office is calling former traders of Barclays and Deutsche Bank for interviews as part of its investigation of whether the Euribor benchmark interest rate was rigged, the FT reported, citing people familiar with the probe. Both companies share prices were down around 0.5% in early trade, at 263p and 2934p respectively.
Asian stocks buckled and U.S. stocks closed lower on Friday whilst the S&P 500 declined for a second straight week after the Dollar held firm on Monday after strong U.S. jobs data fanned expectations that the U.S. Federal Reserve may raise interest rates sooner than previously thought. The Dow closed 278 points lower to close the week at 17,856, while the S&P500 lost 29 points to close the week at 2,071.
The Euro fell as low as $1.0822 in early Monday trade and last stood at $1.0850. The Dollar fetched 120.95 Yen, having hit a three-month high of 121.29 Yen. The Aussie was at $0.7710, close to a six-year low of $0.7627 plumbed last month but finding some support after Australian job numbers rose for the ninth straight month in February.
Brent eased 13 cents to $59.60 by 07.22 GMT, after dropping 75 cents in the previous session. It fell 4.6% last week in its biggest decline since the week ended Jan. 9. U.S. crude gained 4 cents at $49.65, after closing down $1.15 on Friday to complete a third week of declines. Gold also fell to a three-month low of $1,164.10 per ounce on Friday. Early on Monday it traded at $1,169.90.
Britain’s Serious Fraud Office is calling former traders of Barclays and Deutsche Bank for interviews as part of its investigation of whether the Euribor benchmark interest rate was rigged, the FT reported, citing people familiar with the probe. Both companies share prices were down around 0.5% in early trade, at 263p and 2934p respectively.
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