The dollar weakened on Monday allowing the euro, sterling and most other currencies to claw back some of their losses from Friday’s session when Fitch downgraded Spain’s sovereign rating
The euro remained under pressure and is on track for a 7.7% drop against the dollar. Asian stocks were little changed but looked set to post their worst month since October 2008
The finance minister said the emirate was set to issue its first local currency bond in a bid to diversify its funding away from the US dollar, foster a domestic bond market and increase monetary policy tools