Dollar hits highest since May 2025 as Asian shares slip before US jobs data

The US dollar climbed to its highest level since May 2025 ahead of Friday's payrolls report, while Asian stocks fell after wild swings in global bond and currency markets.

Asian currencies slipped despite otherwise strong regional data, reflecting the broader dollar strength.

For beginners A stronger dollar makes other currencies buy less of it, often happening when US bond yields rise faster than those elsewhere, pulling in yield-seeking capital.