US$ dips as focus shifts to Yellen's Friday speech
London
THE US dollar weakened across the board on Tuesday, as investors shifted their focus away from hawkish remarks on US interest rates by Federal Reserve officials and towards a speech on Friday by Fed chairwoman Janet Yellen.
The greenback was given a boost over the weekend when vice-chairman Stanley Fischer said the Fed was getting close to its job and inflation targets, prompting speculation that a rate hike could come as soon as September.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Wall Street bulls say stock rally can resume even without rate cuts
WTI expected to continue pullback before rebounding
Yen tumbles to 34-year low; US dollar gains after inflation data
Singapore banks unlikely to surprise at Q1 earnings, but expect upside from delayed rate cuts: analysts
Fed repricing gives rise to new equities playbook in Asia
Dasin Retail Trust’s creditor to repossess director’s properties over loan default