us dollar

 
 

Bullish sentiments gaining traction

After weeks of a directionless market, the FBM KLCI finally broke above the immediate resistance level of the sideways trend at 1,702 points and closed 1.9 per cent higher in a week at 1,721.42 points last Friday. Trading volume has increased as the Chinese New Year holiday season ends. Last Thursday, the index closed at […]


US-China trade hopes lift stocks, oil hits three-month high

NEW YORK, Feb 23 ― Stocks rose in major markets across the world yesterday on bets of progress in trade talks between China and the United States, while crude futures hit their highest level in more than three months supported by ongoing supply…


Malaysia’s auto industry off on a positive start

KUCHING: Malaysia’s automotive industry is off on a positive start this year, led by strong numbers recorded by national carmakers. Analysts expect the industry to continue this strong momentum, underpinned by healthy demand and favourable foreign exchange (forex). According to the research arm of Affin Hwang Investment Bank Bhd (AffinHwang Capital), the automotive industry’s January […]


FBM KLCI likely to hit 1,760 pts this year

PETALING JAYA: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to hit 1,760 points this year due to a reversal in the foreign funds outflow on the back of positive external developments, coupled with a cheaper ringgit and better corporate earnings growth, said Rakuten Trade Sdn Bhd. Head of research Kenny Yee said […]


Zimbabwe devalues currency to tackle economic crisis

HARARE, Feb 22 — Zimbabwe’s central bank began trading a sharply discounted replacement currency today, attempting to ease a cash crunch that has hobbled the economy and plunged millions deep into poverty. Zimbabwe adopted the dollar in 2009…


FBM KLCI likely to hit 1,760 this year, says Rakuten

PETALING JAYA, Feb 22 — The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to hit 1,760 points this year due to a reversal in the foreign funds outflow on the back of positive external developments, coupled with a cheaper ringgit and…


Ringgit retreats marginally in early trade

KUALA LUMPUR, Feb 22 — The ringgit was marginally lower against the US dollar in early session today on lack of demand for the local note, dealers said. At 9am, the ringgit was quoted at 4.0770/0820 compared to 4.0760/0810 recorded yesterday. A…


Ringgit marginally lower in early session

KUALA LUMPUR: The ringgit was marginally lower against the US dollar in early session today on lack of demand for the local note, dealers said.

At 9am, the ringgit was quoted at 4.0770/0820 compared to 4.0760/0810 recorded yesterday.

A dealer said that this was due to profit-taking on the ringgit following its recent rally when it touched a six-month high of 4.0640/0700 on Wednesday.

“The investors now shifting their interest to the greenback after the release of the US Federal Reserve (Fed) meeting minutes yesterday,” he said.

Meanwhile, the local unit was higher against a basket of currencies except the euro.

The local unit appreciated against the British pound to 5.3172/3242 from 5.3249/3335 and was higher against the Japanese yen at 3.6813/6868 from 3.6817/6869 on Thursday.

It improved against the Singapore dollar to 3.0111/0152 versus 3.0121/0163 but eased versus the euro to 4.6229/6294 from yesterday’s close of 4.6153/6230. — Bernama


US dollar holds modest gains, Aussie finds footing after plunge

TOKYO, Feb 22 — The dollar held gains against its peers early today, bolstered by a rise in US yields, while the Aussie clawed back some of its recent plunge on upbeat central bank comments and easing concerns about China's ban on Australian coal…


Asian shares tread water as investors watch trade talks

SHANGHAI, Feb 22 — Shares in Asia were flat in early trade today following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of progress in trade talks between China and the United States. Early in the…