News

OVERVIEW Sterling slips on Brexit “No Deal” US Dollar gains as the Fed’s Jackson Hole conference begins Loonie slips as NAFTA talks continue HIGHLIGHT The Pound slid against all currencies today after the UK government made further plans for a “no deal” Brexit. The currency has now fallen more than 10% against the US Dollar […]

The dollar index headed higher in N.Y. trade on Thursday, topping at 95.67. The implementation of fresh U.S./China tariffs, and only muted expectations that current trade talks will yield progress supported the Greenback. Incoming data revealed in-line jobless claims, but softer new home sales. EUR-USD fell to 1.1531 lows from opening levels around 1.1580. USD-JPY […]

Yen underperformance, Dollar softness and Aussie Dollar outperformance have been the main themes in Asian markets into the London interbank opening, along with a side-theme of Euro firmness. The Japanese currency came under pressure following the release of Japanese inflation data, which showed the BoJ-watched national core CPI figure coming in at a benign 0.8% […]

The USD index (DXY) is set for its biggest weekly drop since February, even though rebounding some yesterday. The index, which is a nominal trade-weighted measure of the dollar comprised by a basket of six currencies, and which inversely correlates with EUR-USD direction, is presently at 95.52, down by over 1.5% from the 14-month high […]

OVERVIEW The Dollar Index is poised to close in negative territory for the second week in a row.  USD and CAD are confined to a tight trading range. Commodities are hot; Gold stays $1,200 and WTI flirts with $70 a barrel. HIGHLIGHT

The dollar pulled back in N.Y. trade on Friday morning, after Fed chief Powell said “gradualism” was the way to go as far as policy adjustments are concerned. This saw yields stumble as well. The DXY fell from opening highs of 95.41, to print 95.04 lows before steadying. EUR-USD ran up to three-week highs of […]

KUALA LUMPUR (Aug 24): The superyacht Equanimity, which is linked to Low Taek Jho — the alleged mastermind behind 1Malaysia Development Bhd’s troubles — may…

KUALA LUMPUR (Aug 24): Former Khazanah Research Institute director Dr Muhammed Abdul Khalid has been appointed as economic adviser to Prime Minister Tun Dr Mahathir…

KUALA LUMPUR (Aug 24): Malaysian police today filed the first set of criminal charges against Low Taek Jho (Jho Low) and his father over money…

KUALA LUMPUR (Aug 24): The FBM KLCI fell 2.28 points or 0.13% to 1,808.59 today after trade talks between the United States and China ended…

MUNICH/BERLIN (Aug 24): German engineering giant Siemens said a report by monthly Manager Magazin that it could cut 20,000 jobs as part of its Vision…

SINGAPORE (Aug 24): No charges are owed to Seletar Airport for the private jet allegedly belonging to fugitive businessman Low Taek Jho or Jho Low…

KUALA LUMPUR (Aug 24): The Inland Revenue Board of Malaysia (IRB) said today that the previous government was informed of the shortfall in the Tax…

KUALA LUMPUR (Aug 24): The Putrajaya Sessions Court today issued a warrant of arrest against controversial billionaire Low Taek Jho or Jho Low, and his…

PETALING JAYA (Aug 24): Tun Dr Mahathir Mohamad today clarified that studies are still being made on whether to defer the China-backed multi-billion ringgit East…

KUALA LUMPUR (Aug 24):  Based on corporate announcements and news flow today, companies that will be in focus on Monday (Aug 27) may include: Sapura…