Dollar hits 17-month high as bond rout, French fiscal worries weigh on euro
The US dollar gained for a third consecutive week, reaching a 17-month high as a bond market rout driven by inflation fears and concerns over French fiscal health pressured the euro.
The US dollar headed for a third straight weekly gain on Friday as a bond-market selloff, driven by inflation worries over higher oil prices and concern over French fiscal health, kept the euro near its lowest level in 17 months.