A focus on inflation helped the US currency to end the quarter on a positive note
The dollar hovered below the previous session’s one-year highs on Thursday on growing expectations the US Federal Reserve would tighten policy in coming months, while Asian shares were headed for their worst quarter since the pandemic hit.
US legislators continue to wrangle over funding the government but face a Friday deadline to prevent a shutdown.The yield on benchmark 10-year treasury notes was 1.5237%, down 1.5 basis points, having risen sharply earlier in the week. China’s economy has been hit by regulatory curbs in the tech and property sectors and is now grappling with a power shortage.
World stocks gained 0.15% after several days of losses but were set to end the quarter down nearly 1%, after hitting record highs earlier this month.
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