(Bloomberg) -- The dollar is heading for an all-time high as slowdown fears persist even with fresh global stimulus, while equities and bonds tumbled.
A gauge of the US greenback extended gains for a seventh straight day and touched a fresh three-year high Wednesday even as the dollar-funding market showed some signs of easing amid efforts by central banks including the Federal Reserve.
The pound sank to the weakest in about 35 years, while the Norwegian krone retreated to the lowest since at least 1971 on Wednesday amid economic-slowdown worries.