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Forex 28 Nov 2015 | 12:00 AM

Global forex market

THE US dollar traded on bid tone against most pairs in tight ranges into a typically quiet Thanksgiving session along with heightened geopolitical uncertainties and low liquidity. The greenback however failed to react much to stronger revised third-quarter gross domestic product (GDP) of 2.1% against earlier estimate of 1.5%.

Business 08 Aug 2015 | 12:00 AM

Global forex market

THE US dollar firmed up following remarks from voting member Dennis Lockhart that “it would take a “significant deterioration in the economic picture” for him to not support a rate hike in September.

Business 09 Apr 2016 | 12:00 AM

Global Forex Market

THE minutes from the Federal Reserve didn’t do much favour for US dollar but it also didn’t serve as fresh catalyst to sell the buck as well.

Forex 11 Jul 2015 | 12:00 AM

Global forex market

IN the first half of the week, the US dollar rode a safe haven rally to one-month high against the euro, its strongest in three months against Canada’s loonie and to fresh five- and six-year highs against the New Zealand and Australian dollars. Markets flocked for the US dollar due to swift downturn in oil, to ride out uncertainty stemming mainly from Greece’s ongoing debt crisis.

Forex 21 Jul 2018 | 12:00 AM

Global Forex Market

THE US dollar began the week on a softer note but gained momentum following Federal Reserve (Fed) chair Jerome Powell’s optimism on the US economy and his reaffirmation on Federal Open Market Committee’s stance in gradual rate hike; at the same time dismissing concerns of trade war.

Forex 15 Jul 2017 | 12:00 AM

Global Forex Market

ANOTHER week, another dip for the US dollar, falling by 0.28% to 95.74 on Thursday, mainly weighed down by political turmoil surrounding Trump following the release of e-mail chain by Donald Trump Jr where a Russian lawyer offered detrimental information on Hillary Clinton.

Business 05 Nov 2016 | 12:00 AM

Global Forex Market

A BRANCH of the Federal Reserve, the Federal Open Market Committee (FOMC), sent new signals about a possible rate hike in December 2016 with inflation finally showing signs of behaving the way Fed Reserve officials want it to.

Business 12 Dec 2015 | 12:00 AM

Global forex market

CURRENCY markets were again driven by equities and commodities as a general risk off sentiment prevailed. Commodities, especially crude oil prices remained a focal point for markets.

Business 26 Apr 2014 | 12:00 AM

Global forex market

THE G-3 currencies were mainly traded sideways after a steady flow of mixed news and global stock weaknesses.

Business 07 Jun 2014 | 12:00 AM

Global forex market

AS widely expected, the European Central Bank cut the refi rate by 10 basis points to 0.15% – a negative deposit rate, a targeted long-term refinancing operation with conditions designed to channel credit to non-financial public sector and to intensify preparatory work on outright purchase in the asset-backed securities (ABS) market but not everyone is pleased.