Dollar Tumbles as Yen, Euro Rally on Irma, ECB: Markets Wrap
- Peso, Bolsa drop after Mexico earthquake; base metals plunge
- Yen rallies, stocks mixed as storm tears through Carribbean
Don’t Relax on Downgraded Irma, Says Meteorologist
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The dollar dropped to the weakest in more than two years and Mexican markets fell as natural disasters continued to assail North America and the Caribbean.
The greenback sank Friday as traders girded for economic damage to Florida from Hurricane Irma, set to make landfall Sunday. West Texas crude saw its biggest drop in more than two months as the storm threatened to curtail demand for oil. The S&P 500 Index fell 0.15 percent while the Dow Jones Industrial Average rose less than 0.1 percent. Ten-year Treasury yields reached 2.05 percent.