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The dollar rose to a 17-month high against the euro on Thursday amid a selloff in government bonds across the US and Europe.
By Amanda Cooper and Chibuike OguhThe dollar rose to a 17-month high against the euro on Thursday amid a selloff in government bonds across the US and Europe, which pushed Treasury yields to fresh peaks as higher oil prices fanned inflation.The European currency fell below $1.123 for the first time…
The US dollar reached a 17-month high amid a global bond sell-off and inflation concerns, impacting the euro and raising borrowing costs worldwide. Read more at straitstimes.com.