OVERVIEW The US Dollar remains strong as expectations for higher interest rates continue to make the Greenback attractive. Sterling remains under pressure as Brexit uncertainty continues to weigh on this currency. The Australian Dollar surges helped by stronger than expected retail sales and corporate gross revenue profits. HIGHLIGHT Sterling is under pressure as Brexit uncertainty […]
The dollar and yen lost ground to most other currencies, particularly the euro, which has continued last week’s rebound, and the dollar bloc currencies, which were underpinned by a coursing risk-on sentiment in global markets. EUR-USD lifted to a seven-session high of 1.1737, driven by on ongoing recovery in the euro, which posted fresh highs […]
The dollar started out on a softer footing in N.Y. on Monday, though managed a modest rally through the remainder of the day, as risk appetite picked up. The DXY picked up to 94.14 from 93.67 opening lows. EUR-USD fell from 1.1745 to 1.1677, while USD-JPY rallied to 109.75 from 109.37. USD-CAD firmed up on […]
KUALA LUMPUR (June 5): Inventories est. -4.7% m/m and +33% y/y to 2.07m tons at end of May due to declining output, CIMB regional head…
SINGAPORE (June 5): Malaysia stocks are no longer expensive after underperforming Asia QTD amid foreign outflows. They retain, however, an underweight rating as consensus earnings…
KUALA LUMPUR (June 5): Ratings agencies are likely to cut Malaysia’s sovereign ratings sooner rather than later, if the nation’s fiscal health deteriorates significantly due…
KUALA LUMPUR (June 5): Alliance Bank Malaysia Bhd, backed by Singapore’s Temasek Holdings Pte, is counting on small and medium-sized enterprises to jump-start its loan…
KUALA LUMPUR (June 5): The Federation of Malaysian Consumers Associations (Fomca) has lauded the government’s move to abolish highway toll and stabilise retail fuel price…
KUALA LUMPUR (June 5): HSBC and ING Bank have successfully executed the first live trade finance transaction via blockchain for a shipment of soybeans from…
KUALA LUMPUR (June 5): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon market close today. Three with positive momentum and four with negative…
KUALA LUMPUR (June 5): Malaysia’s exports in April grew 14% year-on-year (y-o-y) to RM84.24 billion, supported by higher external trade with Hong Kong, China, European…
KUALA LUMPUR (June 5): The FBM KLCI pared some of its losses at mid-morning today and recovered some lost ground to move above the 1,750-point…