The safe-haven U.S. dollar index reached 114.58 for the first time since May 2002. Sterling slumped as much as 4.9% to an all-time nadir of $1.0327, before stabilising around $1. The euro also touched a fresh 20-year trough to the dollar on simmering recession fears, as the energy crisis extends toward winter amid an escalation in the Ukraine war. The dollar added 0.54% to 144.175 yen, continuing its climb back toward Thursday’s 24-year peak of 145.90.Read Long Article
