India, Sept. 1 -- The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the European session on Tuesday, as European stocks declined as rising oil prices and bond yields stoked worries about inflation and interest-rate hikes.
A global bond rout deepened, driving sovereign borrowing costs across Europe.
Germany's 30-year government bond yield hit a fresh 15-year high while France's 30-year yield touched its highest level since 2008 as traders assessed Middle East tensions and awaited key U.S. labor market data this week for additional clues on the Federal Reserve's rate trajectory.
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