Dollar bulls approaching square one again after strong rally
New York
AFTER profiting from a world-beating rally, dollar bulls find themselves at risk of being back at square one again when it comes to sustaining gains against the yen.
Even after finishing Friday lower following some soft US economic data, the greenback has rallied 3.8 per cent to 113.30 yen in the past month, the biggest advance among major currencies. The rally has some traders looking to 114.54 yen - a key retracement point of the move since the US el…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq
DBS puts 46 retail units, HDB shops on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade