US dollar breaks 3-day losing streak
London
THE dollar broke a three-day losing streak on Monday after the US Senate approved a major tax overhaul at the weekend, though gains were limited as investors trimmed expectations of future US rate hikes.
While US officials have said the biggest change to tax laws since the 1980s would lift economic growth, investors said the boost would be minimal and is unlikely to force bond markets to radically alter their expectations of US monetary policy outlook in the coming months.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results