The Dollar again lost ground in Monday morning trade, with follow through selling seen after Friday’s weakness. Overbought conditions last week resulted in the two-session correction, though further downside from here is expected to be limited, as Treasury rates continue to climb, and as progress is made on the Covid vaccine front. The DXY slipped […]
The dollar has come under across-the-board pressure, which has pushed the DXY index to eight-day lows under 90.75. Tesla’s decision to park $1.5 bln in Bitcoin yesterday, which consequently surged over 20% to record highs near $50,000, seemed to spark broader declines in the U.S. currency. Also at play have been a drop from highs […]
The dollar has come under broad pressure, which has pushed the DXY index to eight-day lows near 90.50. Tesla’s parking of $1.5 bln in Bitcoin, which consequently surged over 20% to record highs near $50,000, sparked broader declines in the U.S. currency. Also at play have been a drop from highs in U.S. Treasury yields […]
MALAYSIA Airlines Bhd’s aircraft operating lessors, which are among the 40 creditors owed about RM16 billion by the airline, will vote on the national carrier’s…
KUALA LUMPUR (Feb 9): Although the 1Malaysia Development Bhd (1MDB) board was being manipulated and controlled by fugitive financier Jho Low, in the eyes of…
SEOUL (Feb 9): Watching the business news first thing is a new routine for 12-year-old South Korean Kwon Joon, as he dreams of becoming the next…
KUALA LUMPUR (Feb 9): The National Security Council (MKN) has agreed to allow more retail shops to operate and for dine-ins to be allowed at…
SINGAPORE (Feb 9): Despite suffering from the pandemic, Genting Singapore managed to stay in the black for the financial year 2020 (FY20) ended Dec 31,…
KUALA LUMPUR (Feb 9): Malaysia reported today 2,764 newly-confirmed Covid-19 infected individuals and 13 pandemic-related deaths, which brought the country’s total number of fatalities due…
KUALA LUMPUR (Feb 9): Supermax Corp Bhd said it is implementing a temporary stoppage for three days at its manufacturing facility in Meru, Klang, from…
KUALA LUMPUR (Feb 9): Sapura Energy Bhd has clarified that the bankruptcy filing by Seadrill Ltd’s Asian units (Seadrill Asian) did not affect its Brazil…
EVENING 5: Remaining retailers to reopen, dine-ins allowed Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. All…
MELBOURNE/ZURICH/BEIJING (Feb 9): A World Health Organization investigation in China found that the coronavirus most likely jumped to humans through an animal host or frozen…
The dollar has remained soft after correcting on Friday following the headline payrolls miss. However, the details of the jobs report (hours worked and earnings) were strong, and U.S. yields have remained perky, which, along with the approaching mega-stimulus spending binge, should ensure the dollar picks up demand on dips. The DXY dollar index edged […]
The dollar found a footing after posting fresh declines against some currencies, which extended losses seen on Friday following the headline payrolls miss. However, the details of the jobs report (hours worked and earnings) were strong, and U.S. yields have remained perky, which along with the approaching mega-stimulus spending binge, has ensured the dollar picked […]