Low U.S. rates feed risk appetite...

The dollar index continued its slide towards 75, as the currency backed by the Federal Reserve’s zero interest rate policy, is seen as the source of cheap funding for all types of risky trades for global investors. As the dollar slid, gold extended its record move above $1,000 a troy ounce, while US Treasury yields also rose.

In recent months, equities and Treasuries have often rallied in unison, which has perplexed investors given the weakness of the dollar.