US$ hits 2-week low against safe-haven yen
London
THE US dollar hit a two-week low against the safe-haven yen on Thursday, weighed down by uncertainty over whether the US Federal Reserve will raise interest rates in June or July.
While the greenback was down against most major currencies, it was flat against the euro ahead of a European Central Bank news conference at 1230 GMT. Investors expect the ECB to raise growth and inflation forecasts, which some strategists said could lift the euro from its current US$1.11925.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results