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Business 11 Jan 2020 | 7:00 AM

The Global Forex Market

The dollar appreciated 0.63% to 97.45 largely driven by resilient economic data which includes December’s The Institute of Supply Management (ISM) non-manufacturing purchasing managers’ index (PMI) coming in better than expected, accelerating to a four-month high of 55.0 from 53.9 in November (cons: 54.5) supported by higher production and inventories, and rising optimism over a potential trade resolution.

Business 28 Mar 2020 | 7:00 AM

Treasury Pulse

The US dollar declined for four consecutive days, depreciating sharply by 3.37% to 99.352 largely after the Federal Reserve announced an open ended and unlimited quantitative easing (QE) in an attempt to support markets.

Forex 02 May 2020 | 7:00 AM

Global forex market

THE dollar depreciated 1.26% to 99.11 largely due to the month-end rebalancing added with the dovish Federal Open Market Committee (FOMC) meeting after the Federal Reserve (Fed) opened the door for more monetary easing and dampened expectations for a quick economic recovery from the coronavirus crisis.