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U.S. dollar climb as North Korea worry fades for now

Monday, Aug 14 2017
U.S. dollar climb as North Korea worry fades for now

Stocks around the world rose along with U.S. Treasury bond yields and the U.S. dollar on Monday as investors regained some appetite for riskier assets as the United States and North Korea appeared to take a break from their war of words.

After a week of market jitters from increasingly aggressive exchanges between the nuclear-armed nations, investors were emboldened after South Korea's president said resolving North Korea's nuclear ambitions must be done peacefully and U.S. officials played down the risk of an imminent war. Oil investors, however, had little to celebrate with daily declines of more than 2 percent.

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