Dollar set for weekly rise, cyber outage unsettles investors

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The story "Dollar set for weekly rise, cyber outage unsettles investors" was covered 11 hours ago by Channel News Asia, a news publisher based in Singapore.

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Dollar set for weekly rise, cyber outage unsettles investors - Channel News Asia

Quick Summary:

NEW YORK :The dollar climbed in trading on Friday and was poised to snap a two-week streak of declines as a worldwide cyber outage that affected banks, airlines and broadcasters unnerved investors, although volatility in the currency markets remained in check.

"Of course, the earlier tech issues may have sparked a bit of a flight to safety too, causing some knee-jerk dollar buying earlier in the day, with that strength then continuing into the afternoon session".

A software update by global cybersecurity firm CrowdStrike crippled industries from travel to finance before services started coming back online after hours of disruption, highlighting the risks of a global shift towards digital, interconnected technologies.