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Dollar hits a year-low, global stocks rally set to end over strong euro

And, even oil prices were down more than 1% over a report of rise in Opec production

Reuters  |  New York 

The US dollar sank to its lowest in more than a year against key world currencies on Friday as investors assessed comments from the European Central Bank (ECB) and obstacles to US President Donald Trump's domestic agenda, while world stock markets were poised to snap a 10-session streak of gains. Gains in the yen, gold and US Treasuries pointed to moves into safe-haven assets compared with stocks that are considered riskier. Oil prices sank more than 1 per cent. The euro built on sharp gains from a day earlier, rising to near two-year highs against the dollar and undermining ...

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First Published: Fri, July 21 2017. 22:59 IST
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