Monday, 11 December 2017

Dollar knocked by New York explosion, Bitcoin futures steal spotlight

An explosion in central New York pushed the dollar lower on Monday, but stock markets recovered after an early dip, once it became clear the situation had been contained.


New York police said the explosion rocked the Port Authority Bus Terminal about 7 a.m. local time (12 noon GMT), as the Monday morning rush hour was getting under way. Three injuries were reported and a suspect was in custody.

The S&P 500, Dow Jones and Nasdaq indexes rose 0.1 to 0.3 percent when the main U.S. stock markets opened two and a half hours later.

The dollar slipped as far as 113.245 yen JPY= against the Japanese currency. The Swiss franc, a refuge at times of heightened risk, reached a high of 1.16755 francs per euro. EURCHF=. 

But the spotlight was on the debut of Bitcoin futures contracts, which allow investors to bet on the price of the cryptocurrency in one, two or three months.

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