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Asian shares edged higher on Monday, with investors still picking up
shares battered by last week’s steep plunge, while the yen fell to fresh
lows on news a reflationary advocate could head the Bank of Japan next
month.
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U.S. stocks rose on Friday as Dow component Hewlett-Packard surged on
strong results and comments from Fed officials allayed fears that the
central bank would curtail its stimulus measures.
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The dollar index, which measures its value against a basket of six
major currencies, rose past its Nov. 16 peak to 81.508 on Thursday, its
highest level since Sept. 5. It last stood at 81.356 in early Asian
trade.
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The euro jumped to 125.36, from 123.12, but remained shy of its 34-month peak of 127.71 set early this month.
0731-6619000
U.S. Treasuries prices edged higher on Friday in the absence of key U.S.
economic data, as investors prepared for testimony next week from
Federal Reserve Chairman Ben Bernanke, which will be scoured for clues
of when the central bank may slow or stop buying bonds.
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