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February 28, 2024
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Business Politics

Dollar stronger as inflation worries dampen risk sentiment

Published by
Reuters UK

By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar rose across the board on Tuesday as Treasury yields climbed and worries over a further acceleration in global inflation kept investors’ risk appetite at bay. The dollar was supported by demand for havens. U.S. stocks fell on Tuesday as soaring oil prices and hawkish comments from a Federal Reserve official spooked investors. U.S. Treasury yields climbed on Tuesday, a day after Fed Governor Christopher Waller said the Fed should be prepared to raise interest rates by a half percentage point at every meeting from now on until inflation is…

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