Dollar set for big annual gain as traders brace for high US rates

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SINGAPORE Dec 27 — The US dollar headed towards an almost 7 per cent annual gain today and Japan’s yen for a fourth cons...

The two-year Treasury yield, which tracks interest rate forecasts, traded around 4.33 per cent.

The dollar was also nearing a 5.5 per cent gain this month against the yen and an 11.8 per cent advance for 2024 against the weakened Japanese currency, while the euro stayed close to two-year lows.

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Category: EconomyBusiness

Markets: MalaysiaChinaGermanyJapanSingapore

Topics: Us dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 17:20:59 (2 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 663 words

Reading Time: 4 minutes read

Sentences: 25 lines

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Copyright Owner: © Malay Mail

News ID: 24697567

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