The case has broken new legal ground in enforcement of international arbitration awards and on cracking sovereign and corporate immunity. The auction is expected to lead to an ownership change of Venezuela’s foreign crown jewel to satisfy $21.3 billion in claims against the South American country.
The dollar index has been hit by the strength of the euro Monday, with the single currency carrying the largest weight in the basket, but it was already on the back foot after Friday’s release of softer than expected inflation data.
Gold prices weakened in Asian trade on Monday, taking limited support from increased expectations of U.S. interest rate cuts as traders awaited more cues from the Federal Reserve and U.S. economy this week.
Bitcoin rose 4% in the past 24 hours to $63,259.0 by 00:57 ET (04:57 GMT). The token also took some support from weakness in the dollar, with the greenback losing some 0.2% on Monday.
In the London market, real estate stocks were among the top gainers with a 1.2% rise after a Nationwide report showed British house prices showed a small gain in June from May but the impact of higher interest rates still weighed on the property market.
