The Dollar rallied in N.Y. on Friday, seeing the DXY print one-month highs of 90.77, up from 90.43 in early trade. Despite some data misses and lower Treasury yields, the USD posted gains against all major currencies. Hopes for a more efficient rollout of Covid vaccines, and a quicker economic recovery supported the Greenback. Wall […]
KUALA LUMPUR (Jan 15): The entire state of Kelantan will be placed under the Movement Control Order (MCO) from tomorrow until Jan 26, while in…
KUALA LUMPUR (Jan 15): Malaysia reported 3,211 newly-confirmed Covid-19 cases today, which brought the nation’s total number of infected individuals to 151,066 so far. Eight additional…
KUALA LUMPUR (Jan 15): Based on corporate announcements and news flow today, stocks that may be in focus on Monday (Jan 18) include: KNM Group…
EVENING 5: BNM seen cutting OPR to 1.5% Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. DBS…
KUALA LUMPUR (Jan 16): Malaysia’s attractiveness as a foreign investment destination was a hot topic last week after Finance Minister Tengku Datuk Seri Zafrul Abdul…
KUALA LUMPUR (Jan 15): The Plantation Industries and Commodities Ministry (MPIC) has initiated legal action against the European Union (EU) and its member states France…
NEW YORK (Jan 16): Oil prices fell more than 2% on Friday, with both contracts posting a loss on the week as concerns about Chinese…
KUALA LUMPUR (Jan 16): Top Glove Corp Bhd, which has had half its production capacity halted for over a month in November due to a severe…
The dollar has traded firmer amid a backdrop of sputtering global stock markets, which, having lifted yesterday on reports of a $2 tln fiscal stimulus package from president-elect Biden, dropped back after he confirmed the package would total $1.9 tln. Market participants overlooked remarks from Fed Chairman Powell, who ruled out raising interest rates anytime […]
The Dollar attempted to rally early in the N.Y. session on Thursday, taking the DXY to two-session highs of 90.58, up from overnight lows of 90.24. From there, a round of profit taking set in, seeing the USD reverse lower against major currencies. There was little initial reaction to the much worse than expected jobless […]
KUALA LUMPUR (Jan 15): Genting Malaysia Bhd’s (GenM) wholly-owned subsidiary Genting UK plc permanently closed its Genting Casino Southport, in the north west of England,…