Dollar drops as volatility hits 8-month high
New York
THE dollar weakened for a second consecutive week for the first time since June as traders pushed out expectations for US interest-rate increases to the end of next year with global economic growth faltering.
A gauge of expectations for volatility reached an eight-month high as investors fretted about the prospects for global growth, US monetary policy and the spread of Ebola. The yen rallied against most major currencies and rose to th…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
TikTok suspends new app’s reward programme amid EU concerns
Hong Kong spot crypto ETFs to start trading next week
Cordlife substantial shareholder Nanjing Xinjiekou still mulling over offer to buy over remaining shares
Nvidia agrees to acquire Israeli AI software provider Run:ai