Dollar hits 17-month high amid weekly rise
The dollar index rose to 102.08 points, its highest level in 17 months, heading towards weekly gains of around 1%, amid a global sell-off in bond markets. The dollar also increased against the yen to reach 158.15 yen, while the euro declined to $1.1237 and the British pound to $1.3187, with continued pressure on major currencies. U.S. 10-year Treasury bond yields rose to 5.344%, their highest level since 2002.
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