US dollar up on Fed officials' rate comments
London
THE US dollar rose to a one-week high against a basket of major currencies on Wednesday, boosted by hawkish comments by US Federal Reserve officials and safe-haven demand following Tuesday's attacks in Brussels.
Three-month sterling implied volatility soared as investors prepared for turbulence exactly three months before a referendum on Britain's EU membership. The currency had been the biggest loser among major currencies on Tuesday, with the events in Brussels seen boosting the "Brexit" campaign.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly