You are here

CURRENCIES

US$ hits two-week high after Fed hikes rate

Friday, December 18, 2015 - 05:50

usdollars.jpg
Developing nations are embracing the greater competitiveness that comes with the beating their currencies have taken, leaving their rainy day funds untouched.

London

THE US dollar hit a two-week high against a basket of major rivals on Thursday after the US Federal Reserve raised interest rates for the first time in almost a decade and signalled four more hikes are to come next year.

In a widely anticipated move, the Fed increased its

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom