OVERVIEW US Dollar falls as a ceasefire in tariffs is declared between the US and China The Pound dives to five-week lows as Brexit fears intensify Commodity currencies such as the Australian and New Zealand Dollar strength on risk appetite HIGHLIGHT The New Zealand Dollar was one of a basket of currencies to benefit from […]
A risk-back-off theme gripped markets, while a concurrent decline in U.S. Treasury yields has driven Dollar underperformance. This backdrop drove USD-JPY down by over 0.5% as the pair posted a nine-day low at 113.05. EUR-JPY, AUD-JPY and other Yen crosses have concurrently declined, although by a lesser magnitude, as the Japanese currency picked up safe […]
The main movers today have been the Dollar, which has declined concomitantly with Treasury yields as markets recalibrate the Fed policy outlook, the Yen, which has attracted a safe-haven bid as the U.S.-China “truce” trade faded and global stocks turn lower, and Sterling, which spurted about a big figure higher versus the Dollar on Brexit-related […]
KUALA LUMPUR (Dec 4): Former Public Accounts Committee (PAC) chairman Tan Sri Ambrin Buang is cooperating well with the committee on its inquiry into the…
KUALA LUMPUR (Dec 4): Shares of Bumi Armada Bhd fell another three sen or 15.4% to 16.5 sen by the end of today’s morning trading session,…
WASHINGTON (Dec 4): President Donald Trump left his top advisers scrambling on Monday to explain a trade deal he claimed he’d struck with China to…
PARIS/JAKARTA/SEATTLE/NEW YORK (Dec 4): Indonesia’s Lion Air is reviewing airplane purchases from Boeing Co and has not ruled out cancelling orders, as relations worsen in…
KUALA LUMPUR (Dec 4): The Ministry of Energy, Science, Technology, Environment and Climate Change said radioactive residue from the Lynas Advanced Materials Plant (LAMP) in…
KUALA LUMPUR (Dec 4): Just months after a stunning election victory, Malaysia’s prime minister has had to step in to mollify the country’s majority Malay…
FRANKFURT/BERLIN (Dec 4): Deutsche Bank AG is back at the heart of a scandal. Last week, 170 law enforcement officials descended on the lender to raid…
KUALA LUMPUR (Dec 4): The Public Accounts Committee (PAC) will call up several people to assist its inquiry into the possible tampering of 1MDB’s final…
KUALA LUMPUR (Dec 4): The FBM KLCI slipped back into negative territory today as profit taking emerged after yesterday’s gains. Share prices were mostly lower…