US$ hits 4-month high on rate hike expectations
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
London
THE US dollar hit a four-month high against a basket of currencies on Wednesday, bolstered by strong US data and growing expectations that the Federal Reserve may raise rates before the end of the year.
Commerce Department data showed US housing starts surged 4.8 per cent, underpinning a theme of strength in the economy.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
