SUBSCRIBERS
US$ pulls back but fall cushioned by jobs data
Published Tue, Aug 8, 2017 · 09:50 PM
London
THE dollar weakened again on Tuesday, but clung on to most of its gains from last week's strong US jobs data despite doubts that the Federal Reserve will hike rates again in 2017.
The greenback had slumped to 15-month lows against its broad index last week after weak data bolstered the view that, having already increased interest rates twice this year, the Fed would now stay put until next year.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
HSBC appoints ex-Citi banker as new Singapore head of global banking
H2G Green chief to stand trial on Aug 5 amid MOM probe
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Microsoft adds security chiefs to product groups in wake of hacking woes
Singapore shares climb at Friday’s open; STI up 0.2%
A timeline of DBS’ recent banking glitches