SYDNEY: The Australian dollar recovered against the greenback on Monday after sliding last week as spooked investors scaled back bets of global monetary tightening on worries the Omicron coronavirus variant may be harder to combat with vaccines. Read full story
KUALA LUMPUR: Malaysia’s exports surpassed the one trillion ringgit mark for the period of January to October 2021, up 25 per cent year-on-year (y-o-y), according to the Department of Statistics Malaysia (DOSM). Read full story
KUALA LUMPUR: The FBM KLC pared losses as it entered midday with glove stocks helping to shore up the index, which had been pressured lower on concerns over global lockdowns resulting from the spread of a new Covid-19 variant. Read full story
KUALA LUMPUR: Hong Leong Bank Bhd turned in a 17.7% jump in net profit to RM858.25mil in the first quarter of its financial year ending June 30, 2022, underpinned by topline growth, disciplined expense management, lower loan impairment allowances and robust associate contributions. Read full story
KUALA LUMPUR: Main-Market-bound Aurelius Technologies Bhd plans to raise RM104.73mil in proceeds from its initial public offering (IPO) to fund its expansion plans and increase its working capital. Read full story
KUALA LUMPUR: Sime Darby Bhd’s net profit for the first quarter of its financial year ending June 30, 2022, dipped 16.01% to RM236mil from RM281mil in the previous corresponding quarter due to the impact of a slowdown in China’s construction activities on its industrial division. Read full story
KUALA LUMPUR: Axiata Group Bhd has formally committed to net zero by signing its commitment to Science Based Targets Initiative (SBTi) to reach the initiative target no later than 2050. Read full story
The Dollar firmed up some in early N.Y. trade on Tuesday, holding a small safe-haven bid, likely the result of concerns over the growth in the delta variety of Covid globally. The DXY printed seven-session highs of 92.19, though later eased back to 91.19 into the London close. Incoming data was strong, seeing a big […]
The dollar majors have been trading with little directional impulse. EUR-USD has settled in a narrow range near 1.1900, above yesterday’s nine-day low at 1.1878, and USD-JPY has been plying a sideways range near the 110.50 level, above Tuesday’s eight-day low at 110.48. Cable has remained heavy, though above yesterday’s nine-day nadir at 1.3815.
The dollar majors have been trading with little directional impulse. EUR-USD has settled in a narrow range near 1.1900, holding just above yesterday’s nine-day low at 1.1878, and USD-JPY has been plying a sideways range near the 110.50 level, above Tuesday’s eight-day low at 110.48. Cable has remained heavy, though so far holding yesterday’s nine-day […]
The dollar has been trading with a firming bias, overall, posting fresh highs versus some currencies, such as the pound and Australian dollar, although so far remaining off highs seen yesterday against other currencies, such as the euro. The spate of cautious trading in world stock markets, due to concerns about the highly transmissible Delta […]
The dollar moved modestly higher early in the session on Monday, later giving back much of its gains, as Treasury yields fell fairly sharply. The DXY moved from London lows of 91.71, topping at 92.01 in morning trade, before pulling back to 91.82. Incoming data was light, with only the Dallas Fed index on tap. […]