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Dollar Soars to New 20-Year High; Risk Sentiment Retreats.
The safe-haven U.S. dollar soared to a new 20-year high in early European trading Wednesday, as more hawkish Fed speak and rising Treasury yields spurred fresh recession fears.
At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.5% to 114.597, after hitting a fresh two-decade high of 114.653 earlier this session.
