closed at a more than one-month high, recovering all its losses since the Bank of Japan's surprise policy tweak last month. Many Asian markets remained closed for the Lunar New Year.The euro was flat at $1.0885, holding near a nine-month high supported by expectations the ECB can continue to raise rates to curb inflation, without worrying too much about damaging growth.
Treasury yields were mostly lower in choppy trading as investors looked ahead to next week's Fed policy meeting.Germany's 10-year yield was steady at 2.157%. Crude oil prices slipped on concerns about a global economic slowdown and an expected build in U.S. oil inventories. U.S. crude futures fell $1.49 to settle at $80.13 a barrel, while Brent settled down $2.06 at $86.13.
Gold prices pulled back from a nine-month high due to a slight uptick in the dollar and U.S. bond yields, though hopes of slower Fed rate hikes underpinned the market.Reporting by Herbert Lash, additional reporting by Alun John in London; Editing by Sharon Singleton, Josie Kao and Lisa Shumaker
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Source: CNBC - 🏆 12. / 72 Read more »