Dollar index rose 1.4% this week, on track for best weekly gain since August 2022.
Hotter‑than‑expected US CPI and PPI for April, driven by surging oil prices, pushed core PCE inflation expectations to 3.5% Q2 peak.
Global bond sell‑off lifted yields, with US 10‑yr at highest in a year and UK 30‑yr gilt at 1998‑high.
Indian rupee fell to record low versus USD, pressured by higher crude oil, fund outflows and widening import bill.