Sunil KashyapGuest
Alex WongGuestUS stocks rose around 1% Friday, rebounding after four straight days of declines as oil prices retreated.
The moves came despite the latest inflation reading increasing in traders' eyes the chances of a Federal Reserve rate hike.
Earlier, that benchmark yield rose to 4.99%, its highest level since October 2023.
The Japanese yen logged a second consecutive weekly gain against the US dollar and was up 0.6% Friday at 153.54 yen per dollar.
The offshore Chinese yuan traded around 6.70 renminbi per dollar on Friday, remaining at its strongest level since January 2023.
US stocks rose around 1% Friday, rebounding after four straight days of declines as oil prices retreated.
The moves came despite the latest inflation reading increasing in traders' eyes the chances of a Federal Reserve rate hike.
Earlier, that benchmark yield rose to 4.99%, its highest level since October 2023.
The Japanese yen logged a second consecutive weekly gain against the US dollar and was up 0.6% Friday at 153.54 yen per dollar.
The offshore Chinese yuan traded around 6.70 renminbi per dollar on Friday, remaining at its strongest level since January 2023.
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