Respite for bonds as US$ charge pauses

London

BATTERED bonds and emerging market currencies enjoyed some respite on Thursday as the US dollar took a breather from a post-US election charge that has taken it to a 13-1/2 year high.

The dollar's drop against other top world currencies was a modest 0.3 per cent but marked a change of direction after eight days of back-to-back gains that have seen it jump almost 4 per cent.