The US Dollar Index surged to 108.541, its highest since November 10, 2022, driven by the Fed’s hawkish stance and strong US GDP data. It eased to 107.82 on Friday, down 0.55%, but gained 0.82% for the week. Ten-year US yields hit a high of 4.59%, closing at 4.53%, up 3% weekly, while two-year yields peaked at 4.37% before settling at 4.31%, a 2% weekly gain.
Astral shares drop 6% after demerger. What should investors do?
Astral shares fell nearly 6% on Monday after the company’s board approved the demerger of its chemicals business into a newly incorporated entity, Astral Chemie.