LONDON—The dollar rallied again on Friday, as U.S. Treasury yields rose ahead of a potentially huge Federal Reserve interest rate hike next week, while China’s yuan weakened past the psychologically important threshold of 7 per dollar.
The dollar, measured against a basket of currencies, is headed for a near 1 percent rise this week, as investors flocked to the safety of the greenback. The yuan is the latest currency to hit a multi-year low as the dollar rises relentlessly.
