The Dollar came under broad pressure against most currencies, particularly the Dollar bloc units, which underperformed amid a rebound in global stocks and oil prices. Yen underperformance lifted USD-JPY, however, as the Japanese currency shed some of its safe haven premium. EUR-USD rallied to an intraday high of 1.1383 before settling lower in the wake […]
The Dollar started the N.Y. session on a softer footing, though spent the morning session moving higher, taking the DXY to seven-session highs of 97.07, and up from 96.71 early on. There was little data to drive the market, though the Dallas Fed index fell more than expected. EUR-USD bottomed at 1.1326, down from 1.1375, […]
OVERVIEW Euro holds firm against the US Dollar as a solution to Italy’s budget deficit challenges are thrashed out The Pound stays steady as PM May faces her first questions of the week The Canadian dollar strengthens as Oil rebounds by as much as 2.7% HIGHLIGHT The Euro gained today against the Pound as Italy […]
Sterling has come under pressure ahead of the London interbank open, with Cable having pegged a five-session low at 1.2769 and EUR-GBP rising to three-session highs. Some are blaming Trump’s remarks yesterday about the UK not being able to negotiate a trade deal with the U.S. under the Brexit deal, which is true as the […]
JAKARTA (Nov 27): Indonesian President Joko Widodo expressed pessimism on Tuesday that the United States and China will resolve their trade dispute when the leaders of…
KUALA LUMPUR (Nov 27): Petroliam Nasional Bhd (Petronas) said today profit after tax (PAT) increased 43% to RM14.3 billion in the third quarter ended Sept…
KUALA LUMPUR (Nov 27): PKR president Datuk Seri Anwar Ibrahim has reiterated Goldman Sachs Group should be made to pay more than US$600 million in…
TOKYO (Nov 27): Japanese chat app operator Line Corp will set up a bank with Mizuho Financial Group Inc and also partner China’s Tencent Holdings Ltd to offer…
BRUSSELS (Nov 27): International Business Machines Corp chief executive officer Ginni Rometty joined a growing chorus of tech executives lambasting web platforms, like Google and…
HONG KONG (Nov 27): Just a couple of months ago, major oil trading houses were predicting the return of US$100 crude. Now, with oil prices…
KUALA LUMPUR (Nov 27): Dutch Lady Milk Industries Bhd has declared an interim dividend of 50 sen per share and a special interim dividend of…
KUALA LUMPUR (Nov 27): The FBM KLCI closed down 17.02 points or 1% at 1,684.97, dragged down mainly by Genting Malaysia Bhd (GENM) and Genting…