OVERVIEW EUR hits fresh 3-year highs. The fallout from US Treasury Secretary’s comments on USD continues, despite attempts to clarify. British Pound trade-weighted index rises to 19-month high. New Zealand Dollar slips after inflation slowed unexpectedly. HIGHLIGHT
NEW YORK (Jan 26): Oil retreated late on Thursday as the U.S. dollar rebounded from early losses and strengthened, denting support for the latest crude…
DAVOS (Jan 26): The billionaire investor George Soros has criticised tech “monopolies” such as Facebook and Google, calling them a threat to democracy. At his annual…
KUALA LUMPUR (Jan 26): CIMB Group says the key interest rate hike by Bank Negara Malaysia (BNM) is expected but it does not foresee any…
JAKARTA (Jan 26): Khazanah Nasional sees overall direction for overseas investments rising as the rate of return is higher than domestic investments, Managing Director Azman…
KUALA LUMPUR (Jan 26): Markets may today take their cue from Bank Negara Malaysia’s move to increase the overnight policy rate (OPR) by 25 basis…
KUALA LUMPUR: The ringgit leads the pack in Asia against the US dollar. It continued to regain its strength surging to RM3.8855 versus the greenback…
GUA MUSANG (Jan 26): Many political parties contesting in the coming 14th General Election will give an edge to the Barisan Nasional (BN), said Gua…
KUALA LUMPUR (Jan 26): The FBM KLCI fell on profit taking after analysts said Malaysian shares were overbought and as markets take their cue from…
KUALA LUMPUR (Jan 26): Ringgit halts five-day advance as the dollar rebounds after U.S. President Donald Trump said he wants to see a strong greenback. *…
KUALA LUMPUR (Jan 26): TA Securities Holdings Bhd analyst Kaladher Govindan upgraded the recommendation on CIMB Group Holdings Bhd to buy from hold. Govindan raised the…
The dollar has come under fresh pressure. The narrow trade-weighted USD index (DXY) traded at fresh three-year lows, logging a nadir at 89.83 and bringing cumulative loss on the year so far to 13%. EUR-USD logged a 37-month high of 1.2335, while USD-JPY traded below 110.00 for the first time since last September, posting a […]