· The dollar gained against the yen on Monday after the release of an upbeat U.S. jobs report, although uncertainty over potential political risks kept the currency’s near-term outlook murky.
The greenback dipped against a basket of six major currencies, weighed by the euro’s bounce against the greenback. The dollar index slipping 0.15 percent to 94.029after gaining about 0.2 percent on Friday.
The dollar added 0.15 percent to 109.660 yen following a rise of 0.6 percent on Friday.
The euro rose 0.2 percent to $1.1685, recovering the bulk of Friday’s losses.
· North Korea’s top three military officials have been removed from their posts, a senior U.S. official said, a move analysts said on Monday could support efforts by the North’s young leader to jump-start economic development and engage with the world.
· China’s debt crackdown is a key risk to the country’s economic growth and will have significant knock-on effects for the global economy, particularly emerging markets with high commodity dependence or close Chinese trade links, Fitch Ratings said.
Beijing’s campaign to put a lid on debt could also lead to a sharp slowdown in business investment, Fitch said late on Sunday, forecasting that growth in the world’s second-biggest economy would slow to around 4.5 percent over the medium term.
• China’s door to trade talks is open in principle, the country’s foreign ministry said on Monday when asked about when the next round of negotiations with the United States would be.
• Russian President Vladimir Putin could meet North Korean leader Kim Jong Un in the Russian Far Eastern city of Vladivostok in September, RIA news agency reported on Monday, citing diplomatic sources.
· Oil prices steadied on Monday as U.S. production hit a record-high and OPEC members considered boosting supply to balance rising global demand.
Benchmark Brent crude oil LCOc1 was unchanged at $76.79 a barrel by 0730 GMT. U.S. light crude CLc1 was up 5 cents at 65.86 a barrel. Last week, the U.S. contract lost around 3 percent, adding to a near 5-percent decline from a week before.
Reference: Reuters
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