The U.S. dollar hit 20-year highs and world stocks fell towards their lowest in over a year on Friday as markets anticipated more U.S. interest rate rises, while Asian stocks fell on worries about the hit to growth from China’s zero-COVID policy. The U.S. currency was heading for its fifth straight week of gains after .
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The dollar index pulled further away from 20-year highs on Wednesday, having already priced the US Federal Reserve to raise interest rates by a half-point later in the day and by some 250 basis points by year-end. Currency markets have settled in to wait for the Fed’s 1800 GMT announcement and Chairman Jerome Powell’s news conference, having endured wild gyrations in recent
The dollar index pulled further away from 20-year highs on Wednesday, having already priced the U.S. Federal Reserve to raise interest rates by a half-point later in the day and by some 250 basis points by year-end. Currency markets have settled in to wait for the Fed’s 1800 GMT announcement and Chairman Jerome Powell’s news .