Dollar Touches Two-Month High Against Euro as Global Stock, Bonds Slump

(Bloomberg) -- The dollar rose against the yen and
surged to the highest in more than two months against the euro as
equities and bonds dropped.

Global stocks have slumped and U.S. Treasury yields soared
to the highest in almost a year on expectations central banks
round the world will raise interest rates. The yen and the Swiss
franc also gained as investors liquidated riskier assets funded
by borrowing in Japan and Switzerland.


Read more at Bloomberg Currencies News