us dollar


US dollar stands tall as 10-year bond yield nears 3pc

SINGAPORE, April 24 — The dollar set a three-month high against a basket of currencies today, having gained a boost as the US 10-year Treasury yield climbed toward the psychologically key 3 per cent level. The US 10-year Treasury yield hit its…

GE14, US bond cues for Malaysian markets


KUALA LUMPUR (April 24): Malaysian shares and the ringgit may today take cue from higher US government bond yields, which led to a stronger US…

Asia stocks down with US bond yields close to four-year high

TOKYO, April 24 — Asian stocks slipped and the US dollar advanced today, as a deluge of US government debt this week and the spectre of inflation and a higher fiscal deficit drove US borrowing costs near four-year highs. MSCI's broadest index of…

Crude surges to three-year high as Saudi-Yemen conflict heats up

NEW YORK, April 24 — Crude surged as strife in the Mideast region that’s home to almost half the world’s oil worsened. Futures in New York settled at their highest since December 2014, erasing earlier losses and nearing US$69 (RM269) a barrel,…

Ringgit extends losses against US dollar

KUALA LUMPUR: The ringgit extended its losses against the US dollar today weighed by rising US bond yields, a dealer said.

At 6pm, the ringgit was quoted at 3.8965/8995 from 3.8950/9000 on Friday.

OANDA Head of Trading in Asia-Pacific, Stephen Innes, said a rising US bond yields buoyed the US dollar despite higher oil prices which usually played favourably for the ringgit.

“Higher US yields have played a role in supporting the US dollar as surging oil prices make for a compelling inflationary storyline,” he said.

US 10-year Treasury yield touched a peak of 2.979%, the highest since January 2014, adding to gains made last week after US Federal Reserve officials signalled further interest rate increases in 2018 following solid growth in US economy.

The ringgit, however, ended mostly higher against a basket of major currencies.

The local note rose against the Singapore dollar to 2.9452/9481 from 2.9624/9665 on Friday and appreciated against the yen to 3.6005/6043 from 3.6172/6229 previously.

It strengthened against the British pound to 5.4411/4464 from 5.4779/4865 on Friday and vis-a-vis the euro, it advanced to 4.7658/7706 from 4.7909/7982 previously. — Bernama

Most Asian currencies weaken as rising US yields bolster dollar


SINGAPORE, April 23 — Most emerging Asian currencies slipped today as rising US bond yields buoyed the US dollar, a move that particularly hurt sentiment toward countries where foreign investors have large domestic bond holdings. The dollar's…

Crypto trading tumbles as investment scramble unwinds


LONDON (April 20): Trading activity on cryptocurrency exchanges has halved from its December peak, industry data shows, as retail interest in the virtual coins declines and the prices of many remain far below their recent highs. Average daily traded volumes across cryptocurrency exchanges fell to US$9.1 billion in March and to US$7.4 billion in the first half of April, compared to almost US$17 billion in December, according to data compiled by crypto analysis website CryptoCompare. Rocketing prices of digital currencies such as bitcoin fuelled a mania in the sector towardsRead More

Long goodbye to easy money: Five questions for the ECB

LONDON, April 23 — The ECB meets on Thursday against a backdrop of concern about a global trade spat and a softening in euro zone economic data that could potentially hamper the central bank's plans to unwind its extraordinary monetary stimulus….

Ringgit opens lower against US dollar


The ringgit is marginally down to the US dollar in a quiet opening. — File pic KUALA LUMPUR, April 23 — The ringgit opened marginally lower against the US dollar today on a lack of market demand, a dealer said. At 9.21am, the local unit was quoted at 3.8980/9010 from 3.8950/8000 recorded at Friday’s close.  OANDA Head of Trading Asia-Pacific, Stephen Innes said the US 10-year yields are approaching three per cent and resulting in a broadly firmer greenback. “With the higher US yields, the ringgit sentiment will remain weakRead More

Asia stocks subdued by rising yields, earnings deluge

SYDNEY, April 23 — Asian stocks started in muted fashion today as investors braced for a bevy of earnings from the world's largest corporations, while keeping a wary eye on US bond yields as they approached peaks that had triggered ructions in the…