The dollar remained on a softening path in what is now a fourth consecutive trading day of weakening, which has spanned over phases both risk-on and risk-wary sentiment in global markets, alongside a continued ascent in Treasury yields. Overall, as witnessed by gains in commodity prices over this period, which have been attributed by some […]
The dollar lifted out of lows following a four trading day run lower, lifted in part by a sharp drop in cryptocurrencies and a correction in base metals, which had earlier in many cases printed new multi-year highs. Equity markets also saw pronounced declines following some disappointing corporate earnings reports. Amid this, the DXY dollar […]
KUALA LUMPUR (Feb 23): National Audit Department (NAD) director Datuk Nor Salwani Muhammad has denied that she was conferred a datukship solely because of her…
KUALA LUMPUR (Feb 23): The FBM KLCI Index continued to end lower today following declines in its glove maker constituents, in contrast with other regional…
(Feb 23): Axiata Group Bhd, Malaysia’s biggest wireless carrier by revenue, has postponed talks to sell a partial stake in its tower unit edotco Group…
KUALA LUMPUR (Feb 23): Malaysia sent over 1,000 Myanmar nationals back to their strife-torn homeland on Tuesday despite a court order to halt the deportation,…
KUALA LUMPUR (Feb 23): Bursa Malaysia Bhd said today the exchange operator and regulator will consider listed companies’ applications for lower public shareholding spreads at…
KUALA LUMPUR (Feb 23): IOI Corp Bhd posted a 66% increase in its net profit to RM355.7 million for the second quarter ended Dec 31,…
KUALA LUMPUR (Feb 23): Malaysia logged 2,468 new Covid-19 cases today, marking the second consecutive day new cases stayed above the 2,000 mark, according to…
EVENING 5: Bursa open for lower spread applications Dirty dealings. Corporate battles. Consumer…
WASHINGTON (Feb 23): The US economic recovery remains “uneven and far from complete” and it will be “some time” before the Federal Reserve considers changing…
KUALA LUMPUR (Feb 23): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 24) may include: Nestle (M) Bhd, Petronas Chemicals…
Shifting yield differentials have continued to drive currency direction. At the 10-year maturity level, Australian yields have, for instance, risen more over the last week than most peers, which has driven the Aussie dollar to fresh trend highs against most currencies. UK yields have also been among those showing the biggest basis point rise, even […]
It’s all about yield differentials in currency markets at the moment. The Aussie dollar, for instance, has pegged fresh trend highs against most currencies in synchrony with Australian yields rising more than peers over the last week. UK yields have also been among those showing the biggest basis point rise, even more than U.S. Treasuries […]