Temasek's portfolio value drops for first time in 4 years
SINGAPORE (July 21): Temasek Holdings’ net portfolio value (NPV) fell for the first time in four years, hit by the coronavirus pandemic but the Singapore…
SINGAPORE (July 21): Temasek Holdings’ net portfolio value (NPV) fell for the first time in four years, hit by the coronavirus pandemic but the Singapore…
KUALA LUMPUR (July 21): The Malaysian Aviation Commission (Mavcom) expects airfares on domestic routes to return to 2019 levels by November this year as available seating capacity is projected…
KUALA LUMPUR (July 21): The FBM KLCI was up 0.59% at the midday break, lifted by select blue chips, in line with the uptrend at…
KUALA LUMPUR (July 21): The Malaysian aviation industry is projected to lose RM13 billion this year as air travel plummeted in the face of the…
NEW YORK/SEOUL (July 21): Convinced of Tesla Inc’s imminent meteoric rise, Orestis Palampougioukis, a Netherlands-based software developer, took out a 43,000 euro ($49,000) loan in…
FX activity was extremely muted ahead of the FOMC minutes release, leaving major Dollar pairings largely inside of narrow ranges. Better U.S. housing data supported the USD some through the morning. Later, the dollar showed minimal reaction to the minutes, which didn’t reveal strong clues as to the rate path going forward. USD-JPY wiggled between […]
The Dollar has traded mixed, holding near net steady versus the Euro, firmer against the Yen, Swiss Franc and Pound, and lower against the Australian and Canadian Dollars. The Yen traded moderately softer as stock markets in Europe and S&P 500 futures lifted into expected signalling of fresh monetary stimulus by major central banks at […]
The Yen has been on the rise amid a backdrop of convulsing stock markets. Yesterday’s FOMC minutes rekindled a risk-off vibe for the simple lack of a signal that the Fed’s July rate cut was the start of an easing cycle. Fed Chair Powell will have opportunity to refine the central bank’s guidance at his […]
The Dollar was broadly lower in N.Y. trade on Tuesday, taking the DXY from 98.45 highs in early trade, to 98.13 lows into the close. Another dive in Treasury yields weighed on the Greenback, with market participants placing bets on a dovish set of FOMC minutes on Wednesday, and a just as dovish speech from […]
The Dollar has headed into the New York interbank open on a mixed footing, showing gains versus the Pound while changing hands at near net unchanged levels against the Euro and Canadian Dollar, and showing losses against the Yen and Australian Dollar. Sterling’s underperformance saw Cable print a three-day low at 1.2074, which was the […]
The main currencies have been steady so far today amid a backdrop of sputtering stock markets as market participants wait on upcoming central bank signals from today’s publication of the FOMC minutes from the recent Fed meeting and from the upcoming gathering of central bank policymakers at the Jackson Hole Symposium. Investors are also monitoring […]
Moderate weakness in the Yen and the Pound has characterized early-week trading so far. The Yen nudged lower against the Dollar and Euro, tracking a rise in U.S. Treasury and Bund yields, which were accompanied by gains in Asian and European stock markets to complete a risk-back-on picture. USD-JPY printed a two-session high at 106.66, […]