Dollar gains malaya.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaya.com.ph Daily Mail and Mail on Sunday newspapers.
The dollar was flat on Friday but set for a fifth consecutive week of gains in its longest winning streak for 15 months, buoyed by demand for safer assets on worries over China’s economy and bets that US interest rates will stay high.
Dollar set for fifth straight week of gains as China stays top of mind zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Bond yields on ten- and thirty-year Treasuries reached 16-year highs in the session. Dow Jones index lost 0.84% to 34,474.83 points, the tech-dominated Nasdaq fell 1.17% to 13,316.83. The big names in technology weakened such as Apple (-1.46%), Amazon (-0.81%), Meta (-3.13%) or Netflix (-3%). "Stocks will remain under pressure until this rise in yields reverses," said one analyst.
Dollar set for fifth straight week of gains as China stays top of mind streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.