The Zhitong Finance App learned that on Friday, the US dollar hovered at a 17-month high and is expected to rise for the third week in a row. Against the backdrop of inflationary concerns being exacerbated by rising oil prices, the global bond market experienced large-scale sell-off, driving borrowing costs in various regions to their peak in decades, and at the same time boosting the dollar.

The Zhitong Finance App learned that on Friday, the US dollar hovered at a 17-month high and is expected to rise for the third week in a row. Against the backdrop of inflationary concerns being exacerbated by rising oil prices, the global bond market experienced large-scale sell-off, driving borrowing costs in various regions to their peak in decades, and at the same time boosting the dollar.