Asian stocks fell and the euro slipped to a three-week low against the dollar on Monday as fears of renewed recession in the United States and sustained worries about the euro zone debt crisis prompted investors to sell riskier assets.
The dollar hovered near a two-week low against a basket of currencies on Monday and Asian stocks were pinned in tight trading ranges as weak US economic data and fears of a Greek debt default kept many investors on the sidelines.
Renewed worries in the euro-zone over the weekend pulled the euro down to a record low against the Swiss franc, weakened risky assets such as Asian stocks and boosted safe haven investments like US government debt and gold on Monday.
The dollar slumped to three-year lows on Thursday, pushing US crude Oil to a 2-1/2 year high, while Asian stocks rose as investors bet that the easy US monetary policy will continue to drive money to riskier assets.
The Bank of Japan (BOJ)
The dollar slid to a 15-year low against the yen and Asian stocks rose on Monday as US jobs data boosted the chances of easier US monetary policy.
Major European stocks opened slightly higher, mirroring gains in Asia and on Wall Street wit
Oil stayed near an eight-day high above $75 on Monday as sustained momentum from Federal Reserve Chairman Ben Bernanke's speech last week boosted Asian stock markets.
Japanese shares jumped more than 3 per cent while the yen fell as the Ba
Asian stock markets slid on Friday as worries about the euro zone and the flare-up in market volatility prompted investors to sell shares and keep cash until calm returns.
European shares were seen opening lower as well. Financial spreadbe
Asian stocks were hammered on Friday as mounting fears over Europe's debt crisis sparked a global market rout that sent safe-haven assets soaring and clobbered sterling.
A near 1,000-point plunge in the Dow Jones Industrial Average at one
Commodity investors put fears of a Dubai-fueled debt crisis and a surge in the dollar to the back of their minds on Monday as last week's rollercoaster ride for industrial raw materials turned into a gentle undulation.
Hopes that the f
Asia stocks slumped on Friday as shockwaves from Dubai's debt crisis hit the region, shaking banking shares and boosting the yen to a fresh 14-year high against a struggling dollar as investors unwound risky trades.
European shares were ex