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image: AP Photo/Koji Sasahara

Dollar fall weighs on global stocks; US shut for holiday

January 15, 2018

Via: ABC News

Global stock markets were mostly lower on Monday as the dollar weakened across the board, pinching the outlook for export-driven regions like Europe. The U.S. was due to remain closed for a holiday.

KEEPING SCORE: Britain’s FTSE 100 shed 0.1 percent to 7,771 while Germany’s DAX fell 0.3 percent to 13,201. France’s CAC 40 dropped 0.1 percent to 5,510. U.S. markets were due to remain closed for a holiday.

DOLLAR: The dollar fell in value against most currencies, extending losses this year. Some economists attribute it to optimism about economic growth in regions like Europe and Japan, where central banks are getting closer to easing off their bond-buying stimulus programs, which have weighed on their currencies in the past. A stronger euro and yen, in turn, tends to weigh on many stocks in Europe and Japan, which are export-focused economies.

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