In currencies, the dollar index,
which tracks the greenback against a basket of six major currencies, was
flat at 99.435, moving away from a three-week high of 99.688.
Rising
U.S. yields propped up the dollar to its strongest level against the
Japanese yen in two months at 114.32 in the previous session but it gave
back some of those gains after Trump fired FBI Director Comey in a move
that shocked Washington.
It was last changing hands at 113.76 per dollar, while yields on benchmark 10-year U.S. Treasury notes were lurking near their highest levels since end-March at 2.39 percent.
But some market analysts pointed out with market volatility indicators hitting record lows -- the VIX indicator fell overnight to 9.56, its lowest since late 2006 -- the likelihood of a large move in financial markets has grown.
Fed funds futures pricing showed investors almost universally expect the Federal Reserve to raise U.S. overnight interest rates at its next meeting, with close to a 90 percent perceived chance of an increase next month.
Brent crude futures rose more than 0.5 percent to $49.03 per barrel after Reuters reported Saudi Arabia would cut supplies to the Asia region to maintain supply to meet rising domestic demand for power during the summer months.
OPEC is battling against rising U.S. output that is threatening to derail its attempts to end a sustained global glut of crude.
Gold advanced modestly to $1221.90 ounce, breaking a two-week long losing streak.
It was last changing hands at 113.76 per dollar, while yields on benchmark 10-year U.S. Treasury notes were lurking near their highest levels since end-March at 2.39 percent.
But some market analysts pointed out with market volatility indicators hitting record lows -- the VIX indicator fell overnight to 9.56, its lowest since late 2006 -- the likelihood of a large move in financial markets has grown.
Fed funds futures pricing showed investors almost universally expect the Federal Reserve to raise U.S. overnight interest rates at its next meeting, with close to a 90 percent perceived chance of an increase next month.
Brent crude futures rose more than 0.5 percent to $49.03 per barrel after Reuters reported Saudi Arabia would cut supplies to the Asia region to maintain supply to meet rising domestic demand for power during the summer months.
OPEC is battling against rising U.S. output that is threatening to derail its attempts to end a sustained global glut of crude.
Gold advanced modestly to $1221.90 ounce, breaking a two-week long losing streak.
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