Dollar surges while Wall Street wavers amid inflation worries - NewsBreak
By Martin in Business
Updated 2 years ago
WASHINGTON, Nov 15 (Reuters) - The U.S. dollar climbed to a 16-month high Monday while U.S. stocks slipped in midday trading after a strong opening. Lingering concerns about global growth amid signs of rising inflation were a boon to safe havens in cautious trading Monday, with the U.S. dollar hitting a 16-month high against a basket of competing currencies and U.S. Treasury yields also ticking upwards.
