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Economy 14 Mar 2015 | 12:00 AM

Global forex market

THE US dollar continued to rake in the gains, reaching its best against the euro in 12 years, against the yen in eight years and at or near its highest in six years against Canadian and Australian counterparts.

Business 04 Jul 2015 | 12:00 AM

Global forex market

THE US dollar got off to a firm start with end of month activity, positioning and book balancing after a volatile month.

Business 20 Jul 2019 | 12:00 AM

Global forex market

The dollar erased its weekly gains, closing marginally lower by 0.02% to 96.8 after the US Federal Reserve’s Williams commented on the need for the central bank to “act quickly” as economic growth slows, fuelling market players to add bets on a 50-basis point (bps) cut in July’s FOMC meeting.

Business 15 Dec 2018 | 12:00 AM

Global Forex Market

THE greenback added 0.35% to 97.08 on favourable job market data. Unemployment rate remained at 3.7% for the third consecutive month, with the labour force participation rate staying at 62.9% for the second consecutive month and wage growing at the same pace as in October by 3.1% y-o-y, 0.2% m-o-m.

Forex 16 Dec 2017 | 12:00 AM

Global Forex Market

THE US dollar slipped by 0.32% to 93.489 to the euro despite the Fed’s expected rate hike to 1.25%-1.50% while increasing economic growth forecast for 2018.

Business 14 May 2016 | 12:00 AM

Global Forex Market

THE US dollar attempted to embark on a new winning streak after its previous one was halted on Wednesday as investors cashed out some gains. The greenback found a tail wind in May as the markets was rethinking future course for Federal Reserve policy as hawkish squawk from several Fed officials have been keeping hopes flickering for a rate hike in the months ahead.

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 07 Nov 2015 | 12:00 AM

Global forex market

STRONGER US dataflow and upbeat commentary from Federal Reserve chair Janet Yellen were the catalysts for broad-based US dollar strength during the week.

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 14 Jun 2014 | 12:00 AM

Global forex market

THE US dollar, proxied by the US dollar index (DXY), strengthened further on steady positive US data flows, which in turn helped lift its bond yields. The yield on the US 10-year note kept above 2.6% and not far from its one-month peak of 2.65%. As long as the yields stick close to recent peaks, downside risk for the dollar proved to be mild.