All eyes on Fed's take on oil, forex market upheavals
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
LAST week, US stocks rallied and European benchmarks hit all-time highs as traders applauded the European Central Bank's (ECB) quantitative easing (QE) programme.
The broad indexes are likely to test record highs this week if the US Federal Reserve can reassure investors in its Wednesday statement that the upheaval in oil and currency markets has not upended its policy plans.
In the wake of the ECB's launch of a more than one trillion euro (S$1.5 trillion) bond purchasing plan, the euro fell to 1.11 against the US dollar, the closest it has come to parity since 2003 - early in its existence.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
