LONDON (Archyde.com) – The dollar index fell on Monday and the yen fell to its lowest level in five years, while global markets saw a return to risk appetite and investors awaited the meetings of the central banks in the United States, Japan and Britain this week.
Stock markets rebounded on Monday following selling on Friday due to uncertainty over the ongoing war in Ukraine and commodity prices retreating from their highs.
Analysts attributed the return to risk appetite to Russian and Ukrainian negotiators hinting at progress in peace talks.
The dollar index rose during Asian trading, close to its highest level in 22 months, with the rise in the US Treasury short-term bond yields, but then declined with the opening of European markets and fell 0.1 percent to 98.9 by 12.55 GMT.
Sterling remained near 16-month lows, gaining 0.2 percent on the day ahead of the Bank of England’s meeting scheduled for Thursday.
The euro rose 0.5 percent to 1.09545 dollars.
The yuan fell amid closures to limit the spread of the Corona virus in China.
