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Dollar's Extended Reign Delivers Stark Wake-Up Call for Markets

(Bloomberg) -- The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay.Most Read from BloombergTikTok to Remove Executive Tasked With Fending Off US ClaimsElon Musk’s Robotaxi Dreams Plunge Tesla Into ChaosTesla Spends Weekend Cutting Prices of Cars and FSD SoftwareTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an AlternativeHaving

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Dollar's extended reign delivers stark wake-up call for markets | Ruth Carson, Naomi Tajitsu, Carter Johnson & Tania Chen

The world’s financial markets are encountering a force they didn’t bet on for 2024: A strong dollar is back and looks set to stay. Having entered the year predicting the greenback would decline, investors have been forced into a rethink by a red-hot US economy and sticky inflation requiring the…

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Asia tracks Wall St losses as US data deals blow to rate cut hopes

Asia tracks Wall St losses as US data deals blow to rate cut hopes
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Yen Drop Deepens After US Data as Intervention Risk Grows

The yen plunged through a level that Wall Street has warned could push Japanese authorities to step into the market to support the currency and then kept on going.

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Asia tracks Wall St losses as US data deals blow to rate cut hopes

Asian markets reversed Thursday after forecast-topping US inflation dealt a hefty blow to hopes for a June interest rate cut and forced traders to re-evaluate the outlook for monetary policy, with a warning that the next move could even be a hike.

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Asia: Market tracks Wall Street losses as US data deals blow to rate cut hopes.

Asia: Market tracks Wall Street losses as US data deals blow to rate cut hopes.
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Asia Tracks Wall St Losses As US Data Deals Blow To Rate Cut Hopes

Asia Tracks Wall St Losses As US Data Deals Blow To Rate Cut Hopes
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Asia tracks Wall St losses as US data deals blow to rate cut hopes - Markets

Asia tracks Wall St losses as US data deals blow to rate cut hopes - Markets
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Asian markets mostly fall as US inflation data dims rate cut hopes

Most Asian markets edged down Thursday after forecast-topping US inflation dealt a blow to hopes for a June interest rate cut and forced traders to re-evaluate the outlook for monetary

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