Woodside trims US$ bets amid uncertainty over Fed policy

Singapore

WOODSIDE Holdings Investment Management, a Singapore-based fund management company, has trimmed bets that the US dollar will strengthen amid uncertainty as to when the Federal Reserve will start raising interest rates.

Woodside cut the percentage of its liquid assets denominated in the greenback to about 75 per cent from 80 per cent this year, said David Fergusson, who is chief investment officer at the company that was set up by his grandfather in 1959.