Monday Outlook: Dollar holds near multi-month high; Asian shares dip

Investors mull implications of a surprise hawkish shift by the U.S. Federal Reserve

  
Image sued for illustrative purpose.

Image sued for illustrative purpose.

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Asian stocks drop as Fed shift reverberates; Treasury yields slide
Japan's Nikkei led declines with a 3.3% drop and dipped below 28,000 for the first time in a month

Gold prices claw back as U.S. Treasury yields retreat
Spot gold was up 0.5% at $1,772.34 per ounce

Oil edges up as Iran nuclear talks drag on
Brent crude futures for August gained 30 cents, or 0.4%, to $73.81 a barrel

Dollar holds near multi-month high after Fed's hawkish tilt
The dollar index stood at 92.232 after gaining 1.9% last week, its biggest rise since March 2020


 

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