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US$ subdued by easing Fed rate hike expectations

Published Mon, Aug 15, 2016 · 09:50 PM

London

THE US dollar was softer on Monday, pegged back by sluggish US data that tempered expectations of a Federal Reserve interest rate hike this year.

The US currency was 0.3 per cent lower at 100.95 yen after losing 0.6 per cent on Friday, when retail sales and producer prices came in weaker than expected. The euro was up 0.15 per cent at US$1.1172, having risen 0.2 per cent on Friday.

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Companies & Markets

Companies & Markets

US$ subdued by easing Fed rate hike expectations

Companies & Markets

Air China to buy 100 locally made C919 jets in US$11 billion deal

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

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