Dollar climbs as nerves jolt stockmarkets – Reuters.com
- Date: 09-May-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Dollar climbs as nerves jolt stockmarkets – Reuters.com
SINGAPORE, May 9 (Reuters) - The dollar began the week on a strong footing, buttressed by sharply rising U.S. yields and by investors' tilt toward safety as lockdowns in China, war on the edge of Europe and fear about higher interest rates sent a nervous jolt through markets.
The greenback made a 22-month high on the growth-sensitive New Zealand dollar in early trade and rose more than 0.5% on the Aussie to a three-month peak as U.S. stockmarket futures slid 1%.
The benchmark 10-year Treasury yield stood at its highest since 2018 at 3.1464% and at 130.73 yen the dollar is a whisker from a fresh two-decade top.
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