A look at the day ahead in European and global markets from Gregor Stuart Hunter The greenback is getting a reprieve as monetary authorities in Asia's biggest economies signal discomfort with weakness in the U.S. currency, which hit a five-week low this week.

The U.S. dollar index has snapped a nine-day losing streak, last rising 0.1%, and precious metals have retreated, with silver cooling off from a record high of $58.98 hit on Wednesday. The Chinese yuan pulled back from the strongest levels against the dollar in more than a year after the central bank set a weaker-than-expected official midpoint for the sixth consecutive session, indicating caution over the renminbi's rapid appreciation. Meanwhile, yields on 30-year Japanese government bonds pulled back from record highs after Japan's

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