THE US dollar remains range-bound against the other core major currencies. The DXY index was back below 80 again, less than a week after Fed chairman Janet Yellen spooked sentiment that the central bank might hike rates sooner than later.
The Fed would end asset purchases by late 2014, start rate hikes in the second half of nex year and normalise policy by end-2016. US Treasury 10-year yield extended its retreat to 2.6955% from 2.7426% last Friday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
