The US dollar rose today with the US service sector rising for the second month in a row, and the main dollar index, which measures the performance of the US currency against 6 major currencies, rose 0.547%. Yields on the benchmark 10-year US Treasury rose 14.3 basis points to 3.334%, the highest level since June, on expectations that the Federal Reserve will continue to raise interest rates to control inflation.
European Union ministers meet on Friday to discuss urgent measures to respond to rising gas and energy prices that are hurting European industry and raising home bills after Russia halted gas shipments to the European Union.
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