Dollar at nine-month high on bets for Fed hike, Clinton victory
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.
On Friday, San Francisco Fed president John Williams said that "it makes sense to get bac…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
P&G raises annual core profit forecast on resilient demand, price hikes
American Express beats profit estimates on strong spending by wealthy customers
Sheng Siong shareholders press for details on capital allocation, M&A opportunities
Wilmar appoints former minister George Yeo as independent non-executive director
UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration
Deutsche Bank has cut dozens in Asia private banking overhaul