Dollar Gains as Treasuries, Oil Fall; Stocks Fluctuate
The dollar rose from an eight-month low, while Treasuries fell and U.S. stocks closed little changed, as investors prepared for tomorrow’s employment data. The yen weakened after Japan’s exports trailed estimates, while oil slid below $100 a barrel as American inventories grew.
The Bloomberg U.S. Dollar Index, a gauge of the currency against 10 major peers, rose 0.2 percent at 4 p.m. in New York after last week slumping to the lowest level since February. The yen lost 0.4 percent to 98.184 per dollar. The Standard & Poor’s 500 Index closed little changed at 1,744.66, maintaining a record high set last week. The Stoxx Europe 600 Index increased 0.3 percent for an eighth straight gain, the longest rally this year. Ten-year Treasuries snapped a three-day advance while oil lost 1.6 percent to help lead commodities lower.