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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 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 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 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.

Business 12 Apr 2014 | 12:00 AM

Global forex market

LONG US dollar positions being unwinding – the US dollar index fell deep below the 80 handle – since Tuesday in response to retracement of US treasury yield to below 2.8% and to the Federal Open Market Committee (FOMC) minutes on Wednesday, which were more dovish than expected, and to some degree watered down the message from the FOMC itself.

Business 20 Sep 2014 | 12:00 AM

Global forex market

DESPITE comments from US Federal Reserve chair Janet Yellen that interest rates would remain at near zero for a “considerable time,” the net effect of her comments have seen the US dollar strengthening.

Business 10 May 2014 | 12:00 AM

Global forex market

The US dollar remained weak with the US Dollar Index hitting a low of 79.060 on May 6. The dollar was overshadowed by the escalating unrest in Ukraine although an olive branch was extended by Russia in mid-week to end the violence. Investors’ incentive to hold the dollar was also dampened by the fall in the long-end US Treasuries (UST) yield with the 10-year bond yield dipping below 2.6%.

Forex 28 Sep 2019 | 7:00 AM

Global forex markets

THE US dollar appreciated firmly by 0.3% to 99.132, reaching 2017 high, benefitting from safe-haven flows due to political noises re-emerging in Capitol Hill after House Speaker Nancy Pelosi announced that the House will begin a formal impeachment inquiry into President Donald Trump on allegations that he pressured Ukraine to investigate former vice-president Joe Biden and his son Hunter for Trump’s own political gain.THE US dollar appreciated firmly by 0.3% to 99.132, reaching 2017 high, benefitting from safe-haven flows due to political noises re-emerging in Capitol Hill after House Speaker Nancy Pelosi announced that the House will begin a formal impeachment inquiry into President Donald Trump on allegations that he pressured Ukraine to investigate former vice-president Joe Biden and his son Hunter for Trump’s own political gain.