TOKYO : The dollar languished on Tuesday after being beaten back from a two-decade high versus major peers by a reinvigorated euro. The tables turned for the two currencies as traders began ramping up bets for a super-sized 75 basis-point rate hike by the European Central Bank, while paring the odds for o
TOKYO : The dollar languished on Tuesday after being beaten back from a two-decade high versus major peers by a reinvigorated euro.
The euro edged 0.08 per cent higher to $1.00045, extending Monday's 0.32 per cent rally - which was its biggest in almost three weeks - after failing to keep its head above parity for the past week. Traders see better than 50 per cent odds for a 75 bps move by the ECB on Sept. 8 after a parade of ECB speakers at the Fed's annual symposium in Jackson Hole backed the case for a big hike.
The euro was also helped by a retreat in European gas prices after German economy minister Robert Habbeck said the country was filling gas storage facilities faster than expected.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan's Yamaguchi retains badminton women's world titleTOKYO: Japan's Akane Yamaguchi retained her badminton women's world title in front of her home crowd in Tokyo on Sunday (Aug 28), beating China's Chen Yufei 21-12, 10-21, 21-14. The top-seeded Yamaguchi, who won her first world title last year in the Spanish city of Huelva, had to dig deep to see off the c
Read more »
Imperious Axelsen wins second badminton world titleTOKYO: Denmark's Viktor Axelsen won his second badminton world title on Sunday (Aug 28), beating Thailand's Kunlavut Vitidsarn 21-5, 21-16 in the final in Tokyo. World No 1 Axelsen has lost only one singles match this season and was too much for 21-year-old rising star Vitidsarn, who was blown away in
Read more »
Japan's jobless rate flat at 2.6% in July - govtTOKYO : Japan's jobless rate was steady at 2.6 per cent in July, while the availability of jobs grew for the seventh straight month to a more than two-year high, government data showed on Tuesday.The seasonally adjusted unemployment rate compared with a median forecast of 2.6 per cent in a Reuters poll of
Read more »
Sony to buy mobile game developer in push beyond consolesTOKYO: Sony Group Corp on Monday (Aug 29) said it will acquire Helsinki and Berlin-based mobile games business Savage Game Studios for an undisclosed amount as part of a major push by the Japanese conglomerate beyond console gaming. Sony's gaming chief Jim Ryan in May outlined plans to radically broaden th
Read more »
Japan's Olympus to sell microscope unit to Bain for US$3 billionTOKYO: Olympus Corp said on Monday (Aug 29) it had agreed to sell its microscope unit to private equity firm Bain Capital for 427.6 billion yen (US$3.1 billion), in what would be the Japanese company's biggest divestment yet. The sale of the unit, which also makes industrial endoscopes and x-ray analysers,
Read more »
Japan's Olympus to sell microscope unit to Bain for $3 billionTOKYO : Olympus Corp said on Monday it has agreed to sell its microscope unit to private equity firm Bain Capital for 427.6 billion yen ($3.08 billion) as the Japanese company focuses its resources on medical technology.($1=138.7400 yen)
Read more »