SINGAPORE : The dollar was firm on Wednesday as stronger-than-expected U.S. economic data and hawkish Federal Reserve comments pointed to higher interest rates, while rate-hike bets in Europe also have the common currency clinging on above parity.German inflation running at its highest in nearly 50 years
SINGAPORE : The dollar was firm on Wednesday as stronger-than-expected U.S. economic data and hawkish Federal Reserve comments pointed to higher interest rates, while rate-hike bets in Europe also have the common currency clinging on above parity.
The euro rose 0.16 per cent to $1.0003 in early Asia trade, which if sustained would make for a third session of gains in a row. Eurozone inflation data is due at 0900 GMT. Another month of manufacturing contraction is expected for August, with a reading of 49.2 forecast, marginally higher than the 49.0 reading in July.
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.
Dollar sags below 20-year peak as euro lifted by ECB betsTOKYO : 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
Read more »
Singapore targets Hong Kong’s high earners with latest work visa'When it comes to top talent, we can never have enough,' says Lee Hsien Loong.
Read more »
Sri Lanka president raises IMF loan hopes, budget aims to bolster revenueOfficials hope for a US$2 billion to US$3 billion loan package from the IMF. Read more at straitstimes.com.
Read more »
Solomon Islands to ban US navy ships from ports: US embassySYDNEY: The Solomon Islands government has told the United States that it will place a moratorium on navy vessels entering its ports, the US embassy in Canberra said on Tuesday (Aug 30). The notice follows
Read more »
Swedish PM sets out further military aid package to UkraineThe additional package would be worth $65 million dollars. Read more at straitstimes.com.
Read more »