Home News Asian markets fall, dollar rises as US rate fears return

Asian markets fall, dollar rises as US rate fears return

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Asian markets mostly fell with Wall Street while the dollar extended gains Wednesday as US interest rate worries resurfaced, while investors were also given a spook by North Korea’s threat to pull out of a historic summit over US demands.
After enjoying a relatively purple patch over the past week, investors were put back on the back foot by solid retail sales data that pointed to a surge in inflation that could push the Federal Reserve to hike borrowing costs three more times this year.

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