Wall Street

Dollar stands alone as rate hikes rattle stocks

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Reuters UK

By Tom Westbrook SYDNEY (Reuters) – Asian stocks were set to start the final week of the quarter on the slide on Monday, while the dollar stood ascendant, as the prospect of high interest rates and poor growth shakes markets. S&P 500 futures were flat after an initial wobble lower. Futures pointed to falls in Tokyo, Sydney and Hong Kong. The dollar made new highs on sterling, the euro and the Aussie in thin morning trade. [FRX/] Last week, stocks and bonds crumbled after the United States and half a dozen other countries raised rates and projected pain ahead. Japan intervened in currency trade…

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