Dollar touches 14-year high, US bonds eye high yeilds

London: The dollar climbed to its highest level in almost 14 years against a basket of currencies on Friday, while US bond yields were set for their biggest fortnightly rise in 13 years on bets U.S. inflation and interest rates are headed higher.

A growing perception that the economic policies of U.S. President-elect Donald Trump will push up consumer prices helped put the dollar on track for its biggest two-week rise against Japan's yen in almost 30 years.
European shares nudged down .GDAX .FTSE .CAC and U.S. stock futures ESc1 pointed to a flat open for Wall Street.

In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan. MIAPJ0000PUS slipped 0.4 percent to hover just above four-month lows touched earlier in the week. It logged its fourth straight week of losses.

The dollar's rise against the yen raised hopes of an earnings boost to Japanese exporters, helping lift the Nikkei average .N225 to a 10-month high. The blue-chip Japanese stock index closed 0.6 percent higher