London — The dollar stayed strong but metal markets buckled badly on Thursday, as signs that China was resorting to credit-fuelled stimulus again and trade jitters helped drive its currency to a one-year low. Asian shares had struggled following the moves and Europe’s bourses were also weaker as traders banked some of the recent gains that had hoisted the Stoxx 600, the DAX and the CAC 40 to one-month highs. Britain’s Brexit-bruised pound was still suffering, falling below $1.30 for the first time in 10 months, as stronger retail sales figures did little to repair the damage done by constant political turmoil and Wednesday’s weak inflation data. The yen was at ¥113 to the dollar, euro at $1.16 and most other European currencies were all weaker too. Instead of politics though they were just unable to fend off another advance from a dollar now near a one-year high. "Sentiment right now is still very much in favour of buying the dollar," said Crédit Agricole forex strategist Manuel Oli...
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