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    MORNING BELL: Asia dips, dollar sags after weak U.S. wage data

    The dollar stayed down early on Monday after suffering a setback late last week when subdued wage growth clouded the outlook on the timing for an interest rate hike. 

    Asian shares took cues from a lower Wall Street and dipped early on Monday, while the dollar was on the defensive against the euro and yen following disappointing U.S. wage growth data that dented prospects for an early interest rate hike by the Federal Reserve.

    U.S. crude futures slipped on Monday in Asian trading as unexpectedly slow Chinese factory growth in July raised demand concerns, while oil markets were also weighed down by OPEC's record monthly output.

    Gold edged lower early on Monday, trading near a 5.5-year low, as expectations for a near-term hike in U.S. interest rates kept up the downward pressure after bullion fell the most since 2013 in July.

     

     


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