Weekly overview: Euro slips at $1.12830, Asian shares drop


Asian shares dropped on Monday, while the dollar index added 0.4% to 94.879, pulling away from its last week’s lowest mark since June 24.

Global central bankers will join the annual mountain retreat opening on Thursday. Fed Chair Janet Yellen will also be taking part with a Friday speech.

European markets opened quite lower on Monday, with financial spreadbetter CMC Markets expecting Britain’s FTSE 100 to be off 0.2%, and Germany’s DAX and France’s CAC 40 to start the day down 0.1%.

The euro dropped 0.3% at $1.12830.

Crude oil futures slipped, giving back some of their recent gains that propelled oil into bull market territory.

U.S. crude plunged 1.7% to $47.68 after gaining 9% last week, rising for a second straight week. Brent crude was 1.9% lower at $49.95 a barrel.

Gold also fell to its lowest in almost two weeks as the dollar strengthened. Spot gold was down 0.6% at $1,333.41 an ounce.

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Weekly overview: Euro slips at $1.12830, Asian shares drop

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