The Dollar has continued to hold generally firm, posting gains versus a sharply weaker Australia Dollar, which was hit by a miss in Australian GDP data, and printing a new two-month high versus the Canadian Dollar while holding near highs seen against the Euro and Sterling, among other currencies, yesterday. Yesterday’s U.S. ISM services and […]
The Dollar has been trading steady-to-firm, consolidating in the case against the Euro off the two-week highs seen yesterday, while posting fresh highs against the Canadian buck and the Australian Dollar, the latter of which took a hammering following sub-forecast Australian GDP data. EUR-USD has been plying a narrow range around 1.1300, holding above the […]
The Dollar was relatively steady in N.Y. trade on Wednesday, with the DXY posting an “inside day”. A wider trade deficit and lower Treasury yields weighed on the USD slightly in early trade, though EUR-USD bucked the trend, falling to session lows as talk of a sharp cut to the ECB’s economic forecasts at Thursday’s […]
KUALA LUMPUR (March 7): Ringgit consolidates after five days of losses as traders await monthly fund-flow data to see if overseas demand for Malaysian bonds…
PUTRAJAYA (March 7): Former Prime Minister Datuk Seri Najib Tun Razak wants the Court of Appeal to suspend his 1Malaysia Development Bhd (1MDB) trial pending…
KUALA LUMPUR (March 7): Maxis Bhd has in collaboration with Huawei kicked off the first 5G live trials in Malaysia, specifically in Cyberjaya earlier this…
KUALA LUMPUR (March 7): Hong Leong Investment Bank Research (HLIB Research) has downgraded its rating on the plantation sector to ‘underweight’, from ‘neutral’, following a…
HONG KONG (March 7): Citigroup cuts its target for the FTSE Bursa Malaysia KLCI Index to 1,790 from 1,844, citing downgrades in price estimates for…
SEOUL (Mar 7): Hyundai Motor Co is considering plans to suspend production at its oldest plant in China, the South Korean carmaker said on Wednesday,…
KUALA LUMPUR (March 7): Foreign ownership of Malaysian government and corporate bonds and bills climbed 2.5% to RM187b in February from the previous month, the…
MANILA (March 7): ASEAN economies can grow faster if each country focuses on a major industry and caters to the entire regional market, Malaysia Prime…
KUALA LUMPUR (March 7): The FBM KLCI eked out marginal gains at the midday break today, in line with the muted trading at regional markets. At…
KUALA LUMPUR (March 7): PPB Group Bhd, which has planned an RM831 million capital and other commitments for the group’s further expansion over the next…
The Dollar majors have been trading mostly neutrally so far today, with the U.S. currency having lost demand following weak U.S. construction data yesterday and a dip in Treasury yields. The narrow trade-weighted USD index (DXY) has lodged in a consolidation below the two-week high seen yesterday at 96.81, while EUR-USD has concurrently settled above […]
The Dollar has remined generally underpinned, although holding within previous-day ranges against most currencies. EUR-USD settled above the two-week low the pair printed yesterday, at 1.1309. Yesterday’s soft construction spending data out of the U.S. and associated dip in Treasury yields took some of the wind out of the Dollar’s sails. Markets may also be […]
OVERVIEW The strong greenback is trading near a two-week high against other major currencies. GBP/USD moved south with growing uncertainty over the outcome of the second meaningful vote. NYMEX WTI Crude regained 45 cents to climb above $57.00 a barrel, ignoring lower growth forecast from China.
Dollar-yen remains in consolidation mode near an 11-week top, just below the 112 handle. Market participants wait for more concrete development over the US-China trade talks and NFP data for directional moves. The USD remains in a strong position despite calls from the President for a softer dollar.OVERVIEW The strong greenback is trading near a two-week […]
The DXY rallied to fresh two-week highs in N.Y. on Tuesday, topping at 97.01 following strong U.S. housing and services ISM data. The index had bottomed at 96.73 early in the session, and later pulled back under 96.90. USD-JPY printed fresh trend highs of 112.13, after bottoming at 111.79, though it gave up some gains […]
KUALA LUMPUR: Khazanah Nasional Bhd posted its first pre-tax loss in 13 years in 2018, amid significant impairment provisions made during the year — a…
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KUALA LUMPUR (March 6): The FBM KLCI started flat this morning, against the backdrop of cautious regional markets. At 9.10am, the FBM KLCI added 0.37 points…
KUALA LUMPUR (March 6): Ringgit drops to its lowest in more than a week amid broad strength in the US dollar and after Bank Negara…
KUALA LUMPUR (March 6): The FBM KLCI remained below the 1,700-point level at mid-morning today despite ticking marginally upward against the backdrop of cautious regional…
SINGAPORE (March 6): Grab is considering raising more funds from strategic investors, the president of Southeast Asia’s top ride-hailing firm said, after raking in over…
KUALA LUMPUR (March 6): The government still thinks that no damages ought to be awarded to The Edge Communications Sdn Bhd over the suspension of…
KUALA LUMPUR (March 6): Bank of America Merrill Lynch sees the ringgit weakening to 4.15 against the US dollar by year-end as the Malaysian currency…
KUALA LUMPUR (March 6): AirAsia Group Bhd chief executive officer Tan Sri Tony Fernandes said the low-cost carrier’s venture capital fund in the United States…
KUALA LUMPUR (March 6): Proton continued its positive start to 2019 with some 5,283 units registered in February. In a statement today, Proton said this represented…