Dollar Rises as Traders Seek Clues on US Rate Cuts
Singapore, 28 Aug (ONA) --- The dollar held near its lowest in
more than a year against a basket of peers today, with sterling trading just
off multi-year highs, as markets focused on clues to the size of a widely
expected US interest rate cut in September.
The Australian dollar rose to an eight-month high and last traded
at $.06793.
Elsewhere, overall moves in the foreign exchange market were muted
as traders awaited fresh ...