A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.

A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.

The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
Relentless Rise in Interest Rates Looms Over Another Volatile Week for Markets

Relentless Rise in Interest Rates Looms Over Another Volatile Week for Markets

The 10-year U.S. Treasury yield, which underpins everything from mortgages to credit cards, was on course to rise for a twelfth consecutive week, matching the longest streak since 1984.