The dollar index fell early on, led by EUR-USD’s rally, bottoming at 89.55, a two-week low, before later recovering to 89.80. Warmer PPI data supported the buck to a degree, following its early decline. EUR-USD ranged between 1.2379 and 1.2325, settling into 1.2350 at the close. USD-JPY meanwhile, topped at 107.40, finding support from the […]
Let me start by emphasizing that neither of the two indicators I am chiefly discussing in this post have actually turned negative on any sustained basis. But if there has been a theme in my posts in the last 6 to 12 months, it has been the slow decline of the overall positive readings among […]
The dollar has posted modest losses versus its major counterparts, continuing a theme seen since last Friday’s U.S. jobs report miss, though the greenback managed moderate gains against the dollar bloc currencies, which fared less well as investor risk appetite flagged in the face of the geopolitical risks. USD-JPY drifted under 107.00 after peaking yesterday […]
KOTA BHARU (April 11): Datuk Seri Najib Tun Razak said the East Coast Railway Line (ECRL) project proves the determination of the government to undertake…
BOAO, China (April 11): China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of 2018,…
KUALA LUMPUR (April 11): Malaysia’s Prime Minister’s Office said today the Government has declared the 14th general election’s (GE14) polling day on May 9, 2018…
Analysts say lower turnout could disadvantage the opposition led by Mahathir Mohamad (April 11): Malaysia will hold a general election on May 9, the Election Commission…
SINGAPORE (April 11): State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for April at US$3.90 per barrel, down 15…
KUALA LUMPUR (April 11): The FBM KLCI rose 8.91 points or 0.5% while volume across Bursa Malaysia exceeded four billion shares amid certainty on Malaysia’s…
(April 11): Ikea Group, the world’s largest furniture retailer, is getting ready for a future where people have little to spare: both in their wallets…
(April 11): Finding billionaires in Silicon Valley isn’t hard. Dropbox Inc’s Arash Ferdowsi and Veeva Systems Inc’s Peter Gassner have both crossed the threshold this…
SINGAPORE/HAMBURG/DUBAI/LONDON/DUBLIN/TEL AVIV/CAIRO (April 11): Some major airlines were rerouting flights on Wednesday, after Europe’s air traffic control agency warned aircraft flying in the eastern Mediterranean…