YCL - Dollar Drifts Lower
Overview: In quiet turnover, the US dollar slipped lower against most of the major currencies to start the new week. The news stream is light and the US markets are closed today. The MSCI Asia Pacific Index was up five of the past six weeks and extended its gains today. Nearly all the equity markets in the region rose but India. European markets are narrowly mixed in the morning trade. Bond yields firmed in the Asia Pacific region, while benchmark yields in Europe were mostly softer.
Asia Pacific
Shares in Shanghai rose 2.7% while the