Caixin
May 10, 2022 06:07 PM
ECONOMY

Dollar Dominance Rips Through Every Market on Fed, China Risks

Vehicles are reflected in a window as electronic boards display stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Friday, Jan. 11, 2019. Photo: Bloomberg
Vehicles are reflected in a window as electronic boards display stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, on Friday, Jan. 11, 2019. Photo: Bloomberg

(Bloomberg) — The dollar is ruling global markets in the dash for safety.

As stocks, bonds and commodities plummeted on Monday, an index of the dollar continued its relentless advance to a two-year high. The currency is an indisputable haven in a market that’s being thrashed by accelerating inflation, worries about a recession and China’s Covid lockdowns.

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