The dollar lost traction, following a seemingly unstoppable rally that pushed the currency toward a record streak of weekly gains on bets the Federal Reserve will keep rates elevated. Stocks and bonds edged higher.
The Bloomberg Dollar Spot Index fell, while still on pace for its eighth straight up week — the longest such run since 2005. A respite in the greenback’s surge reduced the pressure on commodities. The S&P 500 saw a small gain after a three-day drop, with energy and tech outperforming. Apple Inc. rebounded from a two-day rout that erased $190 billion in value just a few days before the unveiling of the iPhone 15, new smartwatches and the latest AirPods.
