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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.

Forex 26 Oct 2019 | 7:00 AM

Global Forex Market

THE dollar appreciated by 0.36% to 97.631 following a confluence of factors such as the dovish ECB meeting; higher demand for safe-haven assets as optimism in the US-China trade talks was offset by another round of Brexit saga; and better-than-expected flash PMI data with the October Markit manufacturing PMI preliminary estimate rising to 51.5 points from 51.1 points in September and beating market expectation of 50.7.

Markets 05 Oct 2019 | 7:00 AM

Treasury Pulse

THE US dollar weakened by 0.25% to 98.864, owing to a slew of disappointing economic release, which subsequently fuelled bets on an October Fed rate cut.