*NASDAQ FALLS FROM 13-MONTH HIGH AS TECH SHARES TUMBLE $QQQ
Meanwhile, the Canadian dollar jumped after the Bank of Canada lifted interest rates to a 22-year high of 4.75%, while
"But monetary policy elsewhere illustrates both the economic peril of a premature pause and the potential for resurgent inflation to provoke 'surprise' rate hikes," they said, citing central banks in Australia and Canada as examples., a measure of expected stock market volatility, hit a low of 13.77 on Wednesday, near its lowest close since February 2020.
Treasury yields also have been drifting higher in recent days on concerns that an impending issuance of $1 trillion or more in short-term debt may tighten credit conditions in the market., while the Turkish lira weakened more than 7% earlier to a record low of 23.17 per dollar, its biggest one-day selloff since the 2021 crash.
Data from China showed exports shrank much faster than expected in May and imports fell, albeit at a slower pace, as manufacturers struggled to find demand abroad and domestic consumption remained sluggish.
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