Stock Market

Stock Market

US dollar hits six-month high as markets accept new interest rate regime

Receive free Currencies updatesWe’ll send you a myFT Daily Digest email rounding up the latest Currencies news every morning.The dollar climbed to a six-month high on Friday at the end of a week when US stock and bond markets weakened and investors prepared for a prolonged period of high interest rates.The currency hit its highest levels against the euro, the pound and the yen since at least March after the Federal Reserve set out plans to cut interest rates — now at a 22-year high — much more slowly than...
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