The dollar rose to a fresh
three-month high against major peers as traders pushed back bets
for a Federal Reserve interest rate cut following surprisingly
hot U.S. inflation figures. .
Greenback rises as hot US inflation cools Fed rate-cut bets businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Analysts expects these two export-oriented sectors to remain under pressure in the near term as the Fed rate-cut prospects diminish on hotter-than-expected inflation print