SUBSCRIBERS
Caution sets in after US dollar's best weekly rise
Published Mon, Nov 6, 2017 · 09:50 PM
London
THE US dollar steadied on Monday after posting its biggest weekly rise so far this year as wariness about US tax reform plans and a spike in oil prices to two-year highs prompted investors to take profit.
The US dollar briefly popped to an eight-month high against the Japanese yen in Asian trade but, with last week's US jobs data having been relatively underwhelming, London-based traders were a bit more cautious.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution