Dollar recovers from two-week low
Add BT as a preferred source
London
THE dollar recovered from a two-week low against a basket of six major currencies on Monday, though trade was thin due to many markets being closed for the New Year holiday.
The greenback soared to 14-year highs in December, boosted by market expectations that the US Federal Reserve will hike rates as many as three times this year, and that President-elect Donald Trump will stoke growth and inflation with a programme of fiscal expansion.
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
The S$1 million National Day paradox: ‘money dysmorphia’ amid a wealth surge
Over 2.4 million adult Singaporeans to get special S$400-S$600 cash payment in September
Why Asean matters more than ever to the UK and Singapore
