Nervous financial markets propelled the safe-haven dollar to a two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling drifted lower after the latest warnings about Britain's radical tax cut plans.
The U.S. dollar index rose around 0.5% to hit a new high of 114.78, its march higher helped by an equally relentless climb from benchmark U.S. 10-year Treasury yields, which rose to 4% for the first time since 2010, climbing as high at 4.013%.
That message was reinforced on Tuesday by Chicago Fed President Charles Evans, St. Louis Fed President James Bullard and Minneapolis Federal Reserve Bank President Neel Kashkari, with Evans saying that the central bank will need to raise interest rates to a range between 4.50% and 4.75%.The rising borrowing costs have intensified fears of a global recession, adding to the surge in bond yields worldwide.
Bank of England Chief Economist Huw Pill said on Tuesday that the central bank is likely to deliver a "significant policy response" in response to finance minister Kwasi Kwarteng's huge tax cut plans.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Frozen embryos may increase risk for high blood pressure during pregnancy, study findsFrozen embryo transfer pregnancies were 74% more likely to develop hypertensive disorders during pregnancy compared with those who conceived naturally. The findings were published in the peer-reviewed American Heart Association journal Hypertension.
Leer más »
Frozen embryos may increase risk for high blood pressure during pregnancy, study findsPeople who have used IVF treatment with frozen embryos to get pregnant may be more likely to develop high blood pressure, according to a new study. Still, the researchers say most IVF-pregnancies are perfectly healthy.
Leer más »
DOC names interim deputy commissioner for ranking official under investigationWillie Bonds, who has been with the New Jersey Department of Corrections for over 20 years, takes over as acting interim deputy commissioner.
Leer más »
A UK Aviation Start-Up Just Completed Its First eVTOL FlightVertical Aerospace says the tethered hover represents the first flight of a new aircraft developed in the UK in over 20 years.
Leer más »