Dollar rises to one-week high as world stocks are set to fall for a third day
London — The dollar rose to its highest level in a week against a basket of currencies on Wednesday, as investor focus shifted to the minutes of the US Federal Reserve’s last policy meeting. World stocks looked set to fall for a third straight day. The dollar index, which measures the currency against a basket of peers, was up 0.2%. The index has bounced almost 1% so far this week, after slumping 1.5% the previous week to its lowest level in three years. MSCI’s world index of stocks was down 0.1%, set for its third straight decline this week, as a down day in Europe offset earlier gains in Asia. Investor attention is on the minutes of the Fed’s last policy meeting in late January, due later in the day. The last readings of US wages and inflation came in higher than expected, with some blaming the numbers for prompting a violent sell-off in stocks earlier this month. "Markets are particularly sensitive to inflation, and we think the odds that the minutes reinforce the narrative of fi...
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