The Yen weakened and Dollar bloc currencies rallied amid a risk-back-on sentiment in markets, with Asian stock markets and U.S. equity index futures rallying after China announced the implementation of economic stimulus measures following the release of weak trade data yesterday. The measures Beijing announced include increased tax cuts. USD-JPY ebbed back some after rallying […]
OVERVIEW The Dollar Index remains in positive territory but remains cautious amidst the prolonged and contentious government shutdown. Gold is trading higher near $1,300 with investors seeking safe-haven assets NYMEX WTI Crude spiked 2.50% to trade near $52.00 a barrel. HIGHLIGHT
The Dollar moved higher in N.Y. on Tuesday, despite the cooler U.S. PPI outcome. Wall Street rallied, which saw Treasury yields rise some, supportive of the Greenback. EUR-USD fell from 1.1455 highs to a 1.1381 low, while USD-JPY bottomed at 108.33 then bounced to 108.76 as stocks headed higher. USD-CAD topped at 1.3295 from 1.3224 […]
BEIJING (Jan 15): China’s state planner said on Tuesday it approved an airport project in the northern Inner Mongolia region with a total investment of…
KUALA LUMPUR (Jan 15): The Prime Minister’s Office (PMO) has set up a Debt and Liability Management Committee, which is tasked to reduce the government’s…
KUALA LUMPUR (Jan 15): Prominent economist Jomo Kwame Sundaram is of the view that the regulation of digital currencies will not be an easy feat…
KUALA LUMPUR (Jan 15): The FBM KLCI closed 3.26 points or 0.19% higher after an 11th hour spike due to the sharp rise in Public…
SINGAPORE (Jan 15): Courts Asia’s Indonesian subsidiary is acquiring a new property but ending two existing megastore leases as part of the group’s ongoing review…
BEIJING (Jan 15): Ren Zhengfei, the billionaire founder of Huawei Technologies Co, broke a years-long silence to dismiss U.S. accusations the telecoms giant helps Beijing…
KUALA LUMPUR (Jan 15): Baling Member of Parliament and former chairman of Lembaga Tabung Haji Datuk Seri Abdul Azeez Abdul Rahim and his brother, Datuk…
KUALA LUMPUR (Jan 15): HCK Capital Group Bhd, controlled by businessman Tan Sri Clement Hii, is taking over the development of the Empire Remix 2…
KUALA LUMPUR (Jan 15): Based on corporate announcements and news flow today, companies that may be in focus on Wednesday (Jan 16) may include the…