LONDON - The dollar hit a one-month high against a basket of major currencies on Monday after stronger-than-expected underlying U.S. inflation bolstered the Federal Reserve's case for an interest rate hike later this year.
NEW YORK - Global equity markets dipped but remained near record highs on Friday after Federal Reserve Chair Janet Yellen said she expected U.S. interest rates to rise this year, a view that lifted bond yields and was bolstered by rising core consumer prices.
NEW YORK - Oil fell about 2 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices.
LONDON - Britain's top share index hit its highest level in 10 days on Friday, driven by a jump in network operator Vodafone's shares, which hit a 14-year high on the back of potential merger activity.
LONDON - Sterling was on track for its biggest fall against the dollar in three weeks on Friday after a stronger-than-expected rise in U.S. core consumer prices in April revived bets that inflation may reach the Federal Reserve's 2 percent target.
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