The Dollar rallied in N.Y. on Friday. taking the DXY to 97.00, from 96.26 lows. USD short covering was a major driver, as many will be off work for much of next week, leaving liquidity at a premium. Today’s U.S. data was mixed, seeing Q3 GDP revised down a tenth to 3.4%, and Michigan sentiment […]
KUALA LUMPUR (Dec 20): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Dec 24) may include the…
KUALA LUMPUR (Dec 22): Early this month, Bursa Malaysia announced a consultation paper seeking public feedback on the proposed move to a shorter securities settlement…
The Dollar rallied some in early N.Y. trade on Thursday, largely as short covering stepped in following the DXY’s move to one-month lows in Europe. U.S. government shutdown jitters, and another Wall Street swell-off later saw the Greenback retrace lower. Trump said he would not sign the latest continuing resolution, which would fund many government […]
The Dollar has traded moderately firmer, recouping some of the lost ground seen during the midweek, while a concurrent theme has been a broader correction in the Euro, which corrected after outperforming yesterday. EUR-USD ebbed to the lower 1.1400s, putting in a little distance from the six-week high printed yesterday at 1.1485. EUR-JPY and other […]
The Dollar majors have posted narrow ranges so far today, amid thin year-end volumes. Risk aversion has remained the dominant theme in equity markets in Asia following another negative closing on Wall Street on the familiar mix of the U.S. v China standoff and concerns about slowing global growth, although some Asian bourses, including Hong […]
OVERVIEW The Greenback is trying to recover from its lowest levels in four weeks, up 0.28% Safe-haven Yen strengthen to 15-week high amidst risk of global economic slowdown A barrel of NYMEX WTI Crude dropped to $45.50, losing a quarter of its value year-to-date. HIGHLIGHT
KUALA LUMPUR (Dec 21): Bank Negara Malaysia (BNM) said today its international reserves amounted to US$101.4 billion as at Dec 14 this year. “The reserves position…
SINGAPORE (Dec 21): SoftBank Group Corp is nearing a deal to invest US$1.5 billion in Grab, three times a previously expected US$500 million, as Southeast…
KUALA LUMPUR (Dec 21): The FBM KLCI closed up 19.72 points or 1.19% today after fund managers’ year-end window dressing continued. At 5pm, the KLCI…
KUALA LUMPUR (Dec 21): Malaysia’s corporate earnings is a concern as it continues to disappoint, said Permodalan Nasional Bhd President and Group Chief Executive Officer…
MUAR (Dec 21): The full forensic investigation report over the death of firefighter Muhammad Adib Mohd Kassim will be released by the police in a…