GLOBAL MARKETS-Dollar Near Two-Year High, Stocks Struggle

FOREX - SINGAPORE/LONDON. The dollar held near a two-year high against a group of peers on Friday as investors bet the gap between growth in the U.S. and elsewhere will get wider, and Chinese blue chips suffered their biggest weekly fall since 2022.

The dollar index, which tracks the currency against a basket of six other currencies, hit its highest since November 2022 on Thursday, and the euro fell to $1.02248, also its lowest since 2022. The pound and Japanese yen were also at multi-month lows.