London — The dollar rose on Tuesday before the start of a Federal Reserve policy meeting expected to raise US interest rates while eurozone government bond yields headed higher as investor concern over an election in the Netherlands appeared to ease slightly. The pound hit an eight-week low against the dollar after the British government won parliamentary approval to trigger talks on leaving the EU, reversing Monday’s gains when Scotland’s leader demanded a referendum on independence. European shares dipped. Stocks in Asia had risen and Wall Street traded in tight ranges on Monday before the Fed meeting. Traders were also looking ahead to Wednesday’s election in the Netherlands, seen as a test of populist sentiment in Europe. A poll on Monday showed Prime Minister Mark Rutte’s conservatives taking 27 seats in the 150-seat parliament, three more than in the pollster’s previous survey and slightly outpacing gains for nationalist Geert Wilders’s Party for Freedom (PVV). Wilders has adv...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.