Asia shares skid, dollar gains as yields spike

Published by

By Wayne Cole SYDNEY (Reuters) – Asian shares slipped on Monday after a run of upbeat economic data from the United States and globally lessened the risk of recession, but also suggested interest rates would have to rise further and stay up for longer. Bond markets took a beating in the wake of stunning reports on jobs and services, catching speculators very short of dollars and sending the currency sharply higher. The dollar extended its rally on the yen to a three-week top of 132.60 on Monday amid reports the Japanese government had offered the job of central bank governor to the current dep…

Read More

Leave a Reply