The dollar was bid and safe haven currencies have been offered, reportedly on relief that North Korea didn’t conduct another missile test over the weekend (which had been widely feared on Friday). USD-JPY rallied over 0.5% in recouping about a half of the losses seen on Thursday and Friday last week. An intraday peak was […]
The dollar carved out new rebound highs during the Asia session. USD-JPY continued to lead the way as markets react to a sense of reduced risks stemming from North Korea and Hurricane Irma, with the former having refrained from further missile testing and the latter now having weakened to a tropical storm rating while tentatively […]
OVERVIEW Market risk sentiment improves after no new missile launches from North Korea. ECB board member, Benoit Coeure, warned that persistent Euro gains might weigh on inflation. Britain’s Brexit minister David Davis warns MP’s over voting against great repeal bill. Canadian housing starts unexpectedly rise in August. HIGHLIGHT
The dollar was broadly higher in N.Y. on Monday, as risk-on conditions returned. No missile/nuclear activity from N. Korea over the weekend, along with a less dmaging that feared outcome from Hurricane Irma combined to lift the greenback, stocks and Treasury yields. EUR-USD eased to lows under 1.1975 from opening highs near 1.2010. USD-JPY topped […]
(Sept 12): When Malaysian Prime Minister Najib Razak meets former golf partner Donald Trump in the White House on Tuesday, the elephant in the room will be…
KUALA LUMPUR (Sept 12): AmBank Research said it remains fairly cautious on the August manufacturing PMI data. In an economic note today, its chief economist Anthony…
KUALA LUMPUR (Sept 12): The FBM KLCI sustained some of its gains at mid-morning today and stayed above the 1,780-point level. At 10am, the FBM KLCI…
KUALA LUMPUR (Sept 12): George Kent (M) Bhd rose 2.19% in early trade this morning after it had for the second time won a US$6.86…
KUALA LUMPUR (Sept 12): The FBM KLCI advanced this morning in line with the gains at most regional markets, lifted by key heavyweights at the…
KUALA LUMPUR: Maju Holdings Sdn Bhd, controlled by businessman Tan Sri Abu Sahid Mohamed, has made an offer to UEM Group Bhd and the Employees…
(Sept 12): The world today faces turbulence on many fronts. From Harvey and Irma here in the United States, to the threats of nuclear proliferation,…
KUALA LUMPUR (Sept 12): Kuala Lumpur-Singapore high speed rail project is “wide open” to all and both countries will choose builder based on merits from…