Yen outperformance has once again been seen, driving USD-JPY to a 10-day low of 109.33 and pushing EUR-JPY further into 10-month low territory. Belligerent rhetoric from North Korea and reports that the Trump administration is mulling a 25% levy on imported cars have provided some added fuel to risk aversion in global markets, which has […]
Let’s take a look at the very leading housing market, now that we have all of the major reports for April.
The dollar has traded mostly softer, correcting a little after posting trend highs versus the euro and other currencies yesterday. Yesterday’s FOMC minutes from the early May meeting took the upside fizz out of the dollar. The narrow trade-weighted USD index (DXY) is showing a 0.3% decline, at 93.75, down from yesterday’s five-month high at […]
Firmer jobless claims, and softer existing home sales, and the U.S. pullout of the summit with North Korea combined to dent USD sentiment in N.Y. trade on Thursday. USD-JPY was impacted the most on the NK story, falling back to lows of 108.96 from highs over 109.70. EUR-USD rallied to 1.1750 highs. USD-CAD firmed up […]
(May 25): Over five days, the U.S. called off a trade war with China, cast doubt over the framework of talks with Beijing, and threatened…
(May 25): India’s economic and credit slowdown is revealing the strengths and weaknesses of its banking sector. Roiled by unprecedented frauds and surging bad debt, the…
BANGKOK (May 25): The good performance by young singles national players such as Lee Jii Zia and Leong Jun Hao at the Thomas Cup this…
(May 25): Morgan Stanley, which runs the world’s third-largest private bank, expects healthy growth in its Asian wealth operations this year, fueled in part by…
PUTRAJAYA: The Ministry of Finance (MoF) has confirmed that the former government led by Barisan Nasional bailed out troubled 1Malaysia Development Bhd (1MDB) through funds…
PUTRAJAYA (May 25): The decision to reveal the truth on Malaysia’s actual debt will enable the government to take concrete action to regularise and strengthen…
KUALA LUMPUR (May 25): The FBM KLCI was up 0.83% at mid-morning today but struggled to breach the 1,800-point level as regional markets stayed weaker…
KUALA LUMPUR (May 25): The FBM KLCI rebounded 0.89% in early trade this morning as gains at Tenaga Nasional Bhd, Public Bank Bhd and Genting…