French politics pushes euro below US$1.05
London
THE euro fell below US$1.05 for the first time in six weeks on Wednesday, hit by a combination of concern over France's presidential election campaign and growing expectations for a rise in US interest rates.
With the minutes of this month's US Federal Reserve meeting due later, the dominant tone was consolidation for the US dollar and some investors returning to the security of the yen, up half a per cent against the greenback and 0.8 per cent on the euro.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly