Dollar's rebound fizzles despite US jobs data boost
Add BT as a preferred sourceLondon
THE dollar remained mired near three-year lows on Monday after rebounding at the end of last week as resurgent US wage inflation data failed to quell scepticism among investors about the currency's outlook.
A strong US jobs report on Friday showed wages growing at their fastest pace in more than eight years, leading to a rebound for the dollar and raising the possibility of more tightening by the Federal Reserve than markets had anticipated.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
