Reuters
The U.S. dollar was headed for its worst week since early February against major peers on Friday, weighed down by a retreat in Treasury yields and fatigue after the currency's breathless 10%, 14-week surge. Even with global stocks sliding this week amid risks to growth from aggressive monetary tightening - led by the Federal Reserve - and China's strict lockdowns to quash a COVID-19 outbreak, the dollar's appeal as a haven was eclipsed overnight by a decline in U.S. yields as investors rushed for the safety of Treasury bonds. The benchmark 10-year Treasury yield sank to a more than three-week low of 2.772% on Thursday, from a 3 1/2-year high of over 3.2% earlier this month.