"The realisation of the worst case scenarios (in Washington and in North Korea) would likely bring about a more significant drop in global equity markets", said Jingyi Pan, market strategist at IG in Singapore.
The euro inched against United States dollar on Friday as the exit of senior White House adviser Stephen Bannon, known for his economic nationalist views, weakened the greenback against basket of major currencies. The Canadian dollar rose to a two-week high against its US counterpart on Friday, as data showing an uptick in the Bank of Canada's core measures of inflation supported the view that the central bank will raise interest rates in the fall.
"(Today) is kind of a microcosm of what we've seen all week", said John Doyle, director of markets at Tempus Inc.
In response to President Trump's tepid response to violent protests by white supremacists in Charlotteville, a slew of CEOs and business leaders advising the president have resigned their seats on White House boards. The attack follows the one in Barcelona on Thursday where suspected Islamist militant drove a van into crowds, killing 13 people and wounding scores of others. It was last down 0.37% at 109.15 yen. The USD/CHF is also down about 0.08% and trading at 0.9618 Swiss Francs, off the session low of 0.96075 Swiss Francs.
Selling of the USA currency continued into Tokyo trading, although the White House denied the rumor.
"Normally it takes a day or two to digest such events, but what the market cares about is corporate earnings", which have been growing at double digits the first and second quarter, McKinney noted.
Rafael Nadal Stunned by Australia's Nick Kyrgios at Cincinnati Open
A frustrated Nick Kyrgios has lost the Cincinnati Masters final to Grigor Dimitrov in straightsets. And of course in a match like that, separated by a few points here or there, that was the case.
By the close, the Dow Jones Industrials had given back 0.35% or 76.02 points to 21,674.51, alongside a retreat of 0.18% or 4.46 points for the S & P 500 to 2,425.55 while the Nasdaq Composite dipped 0.09% to 6,216.53.
All three major indices fell sharply yesterday, with the Dow falling 1.24 percent and the Nasdaq declining 1.94 percent at the close of trading.
U.S. Treasury yields were little changed on Friday as the exit of senior White House adviser Stephen Bannon, known for his economic nationalist views, revived the appetite for stocks and reduced it for lower-yielding bonds.
Cohn has at times mused to friends about leaving the White House or only staying there for a short period of time, but those who know him say that's part of his personality, speculating things openly and then later brushing those thoughts aside.
Analysts said the yen, which is regarded as a safe haven in times of financial market turbulence, could add to its gains if global equities fall further, in the wake of a selloff in US shares on Thursday.
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