Dollar holds its ground as selloff drags down Aussie, Bitcoin

Published by
Reuters UK

By Iain Withers LONDON (Reuters) – The dollar was on track for its best week in a month against major rivals on Friday, as the world’s reserve currency held its ground amid a selloff of riskier assets across markets. Investor sentiment has soured in recent days due to weaker economic data, rampant inflation and concerns over the pace of U.S. Federal Reserve policy tightening. Stock markets in Europe opened lower in morning trading on Friday, following the trend set in Asia and on Wall Street overnight. The dollar index – which tracks the greenback against six major peers – edged 0.1% lower on …

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