US$ stuck after hitting 7-month high
London
THE US dollar struggled to make further progress after hitting a seven-month high against the euro on Tuesday while sterling was bolstered by a better than expected readout on core inflation ahead of US numbers later in the day.
An early surge by the US dollar, building on Monday's 0.5 per cent gain, offered hope of an attack on levels around US$1.06 against the euro, which dealers said is the main barrier to a swift move back to highs reached in the first half of 2015.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism