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Dollar's best year since 1997, further rise likely

Published Thu, Jan 1, 2015 · 09:50 PM

New York

THE US dollar ended 2014 with a gain of nearly 13 per cent against a basket of major currencies on Wednesday, its strongest year since 1997 and, according to most major banks, just a prelude to a further rise next year.

Traders favoured the dollar as the year's winning bet heading into the New Year and pushed the euro to a fresh 29-month low against the greenback of US$1.2098, just below a closely watched US$1.21 technical level.

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Companies & Markets

Companies & Markets

Dollar's best year since 1997, further rise likely

Companies & Markets

HCA beats first-quarter profit estimates on higher patient admissions

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

Chevron's quarterly profit beats estimates

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