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So low has our ringgit dipped that holidays in Thailand and Singapore have become fading memories for the average Malaysian.
IT was an eventful week in the US markets as the much awaited “phase one” trade deal between the US and China was officially signed at the White House on Wednesday, de-escalating their 18-month conflict.
BEIJING: By posting a 3.4% growth rate and a total foreign trade volume of 31.54 trillion yuan (about 4.6 trillion U.S. dollars), China has shown its tenacity and is expected to remain the world's biggest trading country in 2019.
BENGALURU: Travelex is restoring operations to process foreign exchange orders electronically, it said, almost two weeks after cyber hackers took hold of its systems, leading to a global blackout of its online services.
SHANGHAI: China's foreign exchange regulator announced measures on Monday that it said were aimed at providing more forex hedging channels for overseas bond investors.
Foreign exchange firm Travelex said it was restoring tools that process customer orders electronically almost two weeks after the company said cyber hackers were holding its systems to ransom.
Strength of reserves will help country defend against currency attacks
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.
SINGAPORE (Reuters) - Foreign exchange investors are increasingly betting that bushfires which have torched a swathe of Australia the size of South Korea will hurt the country's economy, and some are short-selling the Australian dollar in anticipation it will fall.
PETALING JAYA: Foreign portfolio flows returned to a six-year high inflow of RM8.8bil in 2019 which was in stark contrast with an outflow of RM33.6bil in 2018, according to UOB Global Economics & Markets Research.