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Amid a truncated week – welcoming a new year and a new decade – the US dollar weakened by 0.08% to 96.846.
HONG KONG: The ringgit, one of 2019’s Asian forex laggards, surprised many traders near the finish line with strong gains in the past week.
PETALING JAYA: Talks of economic slowdown aside, Malaysia’s manufacturing production for December 2019 has shown its best performance in 15 months after steadily rising for four straight months.
SINGAPORE: Asia’s manufacturing industry finished 2019 with a modestly brighter outlook, with fewer economies signaling contraction at factories.
KUALA LUMPUR: Malaysia’s December manufacturing purchasing managers’ index rose to the highest since September 2018.
SINGAPORE: Emerging markets are headed into 2020 on a high note even if the US-China trade talks remain a nagging risk for investors.With the new decade looming, the average yield on developing-nation local-currency bonds is close to an all-time low of 4.12%.
NEW YORK: Oil prices fell 1% on Tuesday, the last trading day of the decade, but notched the biggest annual gain in three years, supported by a thaw in the prolonged U.S.-China trade war and ongoing supply cuts from major oil producers.
BEIJING: China’s manufacturing sector continued to expand output in December, adding to evidence that the world’s second-largest economy is stabilising as the signing of a phase one trade deal with the US nears
BEIJING: Manufacturing activity in China expanded for a second straight month in December as seasonal demand and signs of progress in trade talks with Washington boosted factories’ output and order books.
BEIJING: Manufacturing activity in China expanded for a second straight month in December as seasonal demand and signs of progress in trade talks with Washington boosted factories' output and order books.