Bloomberg – The Dollar Index extended its biggest two-day rally since July, triggering plunges in oil and gold, and Treasuries tumbled amid improving confidence in the strength of the U.S. economy. U.S. stocks fluctuated, poised for a third straight weekly gain. The Dollar Index, a gauge of the currency against six major peers, added 0.7 percent to 83.4 as of 11:21 a.m. in New York to extend its two-day advance to 1.8 percent. The yen weakened beyond 101 per dollar for the first time in four years. Oil lost 2.5 percent and gold slid more than 3 percent. Ten-year Treasury yield increased nine basis points to 1.89 percent. Japanese notes slid and rates on 10-year U.K., French and German sovereign debt climbed more than nine basis points amid reduced demand for haven assets. Read Article
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