The Dollar has traded with a softening bias so far today amid a backdrop of fairly acute equity market losses (S&P 500 futures down near 1%, China’s SSE closing with a 5.2% loss and Europe’s Stoxx 600 losing nearly 2%). EUR-USD settled around 1.1550 after earlier climbing to a nine-day high of 1.1572. USD-JPY settled […]
KUALA LUMPUR: The US market once again has taken the centre stage leading the global trend. Asian markets caught the cold yesterday after an overnight sharp…
BALI (Oct 12): Sabotage within the government is among the reasons why it is difficult for Malaysia to pin down and arrest fugitive businessman Low…
KUALA LUMPUR (Oct 12): The FBM KLCI staged a technical rebound today to snap its losing streak and rose 0.54% at mid-morning, reversing its earlier…
BALI (Oct 12): Tun Dr Mahathir Mohamad has lamented ASEAN for not fully tapping its potential as an economic powerhouse, despite having abundant resources and…
NUSA DUA, Indonesia (Oct 12): Sustained trade tensions could slash Asia’s economic growth by up to 0.9 percentage point in coming years, the International Monetary…
PORT DICKSON (Oct 12): Datuk Seri Anwar Ibrahim faces the first test of his return to political life on Saturday, in a by-election that would…
(Oct 11): The U.S. dollar traded near its lowest level in nearly two weeks against its major peers on Friday as declining U.S. treasury yields and…
SINGAPORE (Oct 12): Singapore’s central bank on Friday tightened monetary policy for the second time this year, saying the city-state’s economy is likely to expand…
HONG KONG (Oct 11): China has sold $3 billion of sovereign dollar bonds, its third such sale in the last 14 years, drawing healthy investor demand…
PUTRAJAYA (Oct 12): UMNO president Datuk Seri Dr Ahmad Zahid Hamidi arrived at the Malaysian Anti-Corruption Commission (MACC) headquarters here today to resume giving a…
Sterling has gained on Brexit related news while other currencies have remained directionally challenged, with EUR-USD continuing to play a narrow path around 1.1500 and USD-JPY holding a narrow range around the 113.00 level. Cable managed to eke out a two-week high at 1.3174 and EUR-GBP a near four-month low at 0.8732.