us dollar


Document: US Treasury calls reveal “deep concern” over S.Korea banks’ N.Korea plans

SEOUL, Oct 22 — The US Treasury Department is “deeply concerned” about planned financial cooperation between North and South Korea and has told South Korean banks that “UN and US sanctions on North Korea remain valid”, a South Korean…

China shares leap 4pc on authorities’ pledges of support, tax changes

SHANGHAI, Oct 22 — China’s benchark blue-chip index surged over 4 per cent today, posting its best daily performance in almost three years, as investors piled into the battered market after coordinated statements of support by senior regulators….

BoE reiterates confidence in preparations for the Brexit

Fundamental outlook THE Bank of England (BoE) reiterated its confidence its preparations against the impact of the Brexit. US building permit and existing home sales recorded a decline. China maintained that its GDP growth is still on track. US building permit rose 1.24 million in September, lower than the revised 1.24 million gains recorded in […]

Not out of the bearish trend

The market rebounded as expected after the FBM KLCI found support at 1,683 points in the sell down two weeks ago. The local market performance was in line with global markets which have also rebounded from a bearish market. The FBM KLCI increased only 0.1 per cent in a week to close 1,732.14 points last […]

Crude Palm Oil Weekly Report – October 20th, 2018

The Malaysia palm oil futures (FCPO) failed to erase losses on Friday, in line for a second day losses, weighed down by weaker related oils in China’s Dalian Commodity Exchange and Chicago Board of Trade. On Friday, FCPO fell 1.35 per cent to 2,222 as compared with last Friday’s closing price at 2,252, a totaled […]

Ringgit likely to trend lower against US dollar next week

KUALA LUMPUR, Oct 20 — The ringgit is likely to trend lower against the US dollar next week, mainly weighed by prospects of higher US interest rates. FXTM Research Analyst Lukman Otunuga said with the US dollar heavily supported by the interest…

Euro, pound rally on Brexit concession; stocks dip

NEW YORK, Oct 20 — Stocks dipped yesterday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand. Oil prices rose on…

External factors main cause of capital outflows — Lim

KUALA LUMPUR: External factors that influenced investor behaviour were among the main reasons which led to the foreign capital outflow last week, said Finance Minister Lim Guan Eng. He also cited other contributing factors such as the strengthening of the US dollar against other currencies and the unexpected increase in US Treasury yields which exceeded […]

Further US rate hikes ‘most likely’ needed, Fed minutes show

WASHINGTON: US central bankers see no reason to pause the current course of gradual rate hikes that have infuriated President Donald Trump and some even say the Federal Reserve may soon need to slow the economy, according to meeting minutes. But, amid brisk American expansion, some Fed policymakers also warned of looming dangers to the world […]

Consider possibility of introducing capital controls to limit current currency issues

KUCHING: With several emerging market currencies now in crisis territory, analysts have raised the need to consider the possibility of introducing capital controls by countries experiencing growing market volatility as a pre-emptive measure to address any potential risk to the financial market. Aside from the Argentinian peso and the Turkish lira, the Indonesian rupiah as […]