Stocks Hit Fresh Record, Dollar Weakens to Lowest in Three Years Amid Fed Worries

GLOBAL MARKET - LONDON. Global shares hit their third record high in three days on Thursday while the U.S. dollar sank to its lowest level in more than three years amid growing market concerns about the Federal Reserve's independence.

The U.S. dollar index was down nearly 0.43% on the session and more than 10% for the year. If the greenback's losses hold until the month ends, it will be the biggest fall in the first half of a year since the start of the era of free-floating currencies in the early 1970s.