SUBSCRIBERS
Dollar at nine-month high on bets for Fed hike, Clinton victory
Published Mon, Oct 24, 2016 · 09:50 PM
London
THE dollar hit a nine-month high against a basket of currencies on Monday, buoyed by expectations that the Federal Reserve will raise US interest rates this year and that Donald Trump will not become the US president.
After three straight weeks of gains, the dollar index - which tracks the greenback against a basket of six major currencies - rose as high as 98.846 in early trade on Monday, its strongest since Feb 3.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
ST Engineering bags more than S$175 million in contracts to upgrade Singapore’s public bus fleet
ING unveils 2.5 billion euros buyback as profit beats estimates
Prosper Cap halts operations at UK hotel after fire breaks out
DBS chief expects 2024 earnings to hit new highs as Q1 profit rises 15% to S$2.95 billion
Banking giants race to Riyadh as MBS steps up pressure campaign