Dollar climbs on Yellen's remarks, data; C$ weakens on corporate selling
New York
THE US dollar ended higher against most major currencies on Friday as investors were still digesting Federal Reserve chief Janet Yellen's remarks and a batch of economic data earlier during the week.
In her testimony before Congress on Tuesday and Wednesday, Ms Yellen gave an upbeat assessment of the economy, saying that it has continued to make progress towards the maximum employment and price stability objectives. She also implied a faster pace of interest rate hikes in the future.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance