US Dollar Extends Recovery Ahead of Fed SpeechesSingapore, 22 Sep (ONA) — The US dollar today extended its recovery following last week’s Federal Reserve interest rate cut, with the dollar index edging slightly higher against a basket of major currencies as investors awaited a series of speeches by Fed officials later this week. The Japanese yen eased 0.16% to 148.22 per dollar, paring some of Friday’s gains. The British pound slipped to a two-week low of $1.3458, pressured by concerns over rising government borrowing in the UK and the Bank of England’s recent policy decision, which underscored the difficulty of balancing growth with inflation control. The euro fell 0.07% to $1.1738, while the Australian dollar dipped 0.02% to $0.6589. By contrast, the Chinese yuan inched up 0.06% to 7.1151 per dollar.— Ends/Khalid
