World stocks were set to snap a record 15-month winning streak. REUTERS/Lucas Jackson
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The dollar rose to five-week highs Wednesday after an upbeat outlook of the U.S. economy from the Federal Reserve's new chief and the prospect of tighter monetary policy, while global equity markets slid on big declines in China-dependent shares.The dollar index rose 0.25 percent, with the euro down 0.23 percent to $1.2203 .Benchmark 10-year U.S. Treasury notes rose 8/32 in price to push their yield down to 2.8806 percent.U.S. crude inventories rose by 3 million barrels for the week ending Feb. 23, compared with analyst expectations for a build of 2.1 million barrels.
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