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Business 14 Sep 2013 | 12:00 AM

Global forex market

IT was a risk-on environment with broad-based weakness in US dollar, consistent with declining US treasuries yields.

Business 19 Oct 2013 | 12:00 AM

Global forex market

US President Obama, Senate and House of Representatives leaders have agreed to a deal at the 11th hour to re-open the US government and raised the debt limit.

Business 09 Nov 2013 | 12:00 AM

Global forex market

RISK is back on as the US dollar index trails off after hitting a peak of 80.706 on Tuesday. There were market talks that the Fed has adjusted its forward guidance rate for unemployment to 6.5% as a new benchmark before it considers adjusting interest rates.

Business 23 Nov 2013 | 12:00 AM

Global forex market

THE release of the US Federal Reserve’s Oct meeting minutes which indicated that the policymakers could decide to slow the pace of bond purchases at one of its next few meetings if the economic recovery gathers momentum was the key turning point for US dollar.

Business 30 Nov 2013 | 12:00 AM

Global forex market

THE US currency slipped against most rivals in a getaway day for Thanksgiving holiday and also can be traced to weaker economic reports including US consumer morale at its lowest in seven months in November and weak US capital goods orders as its core capital goods orders dropped again, mirroring firms’ reluctance to ramp up their investment spending.

Business 14 Dec 2013 | 12:00 AM

Global forex market

THE DXY (USD) index is below 80 again. The market is very different from where it was from the market volatility in summer. As a sign of demand returning, commodities have also stopped falling and yen carry trades have become more popular again.

Business 01 Mar 2014 | 12:00 AM

Treasury pulse

US manufacturing data released continued to show that manufacturing activities remain weak but generated little response as markets continued to attribute the weakness to severe weather conditions.

Business 15 Mar 2014 | 12:00 AM

Global forex market

THE US dollar was in a consolidation mode on weaker Chinese data and deflationary fears following the sharp plunged in copper prices. The increased demand for safe assets pushed the yield of the 10-year US Treasuries down to 2.64%, from last Friday’s peak of 2.82% and saw broad sell-down in global equities while investing community dumped the US equities.

Business 22 Mar 2014 | 12:00 AM

Global forex market

AS widely expected, the US Federal Open Market Committee (FOMC) decided to taper the size of its monthly asset purchases by another US$10bil. The committee announced that it will now purchase US$55bil in assets each month – US$25bil in mortgage-backed securities (down from US$30bil) and US$30bil in Treasury debt (down from US$35bil) beginning in April.

Business 29 Mar 2014 | 12:00 AM

Global forex market

THE US dollar remains range-bound against the other core major currencies. The DXY index was back below 80 again, less than a week after Fed chairman Janet Yellen spooked sentiment that the central bank might hike rates sooner than later.