US dollar steadies, Aussie drops after RBA, Chinese trade data
THE US dollar rose on Tuesday (Dec 10) ahead of US inflation data which could offer clues about the Federal Reserve’s monetary easing path, while analysts assess the likely impact of…
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Dollar
Rakuten starts marketing its third dollar bond offering of 2024
RAKUTEN Group started marketing its third US dollar bond of the year, seeking to take advantage of strong investor appetite for junk rated debt that drove US spreads to their lowest since…
Gold slips as dollar strengthens; investors await US data
Gold prices slipped on Monday (Dec 2), snapping a four-session rally as the US dollar firmed, while market participants awaited key US economic data for clues on the Federal Reserve’s…
StanChart is front-runner as dollar settlement bank in India hub
STANDARD Chartered has emerged as the front-runner to become the settlement bank for real-time US dollar-denominated trades in India’s newest financial hub, according to sources familiar…
Gold falls further on stronger US dollar, easing geopolitical tensions
GOLD prices fell on Tuesday (Nov 26) to their lowest in more than a week, weighed down by a stronger US dollar and reports of a potential Israel-Hezbollah ceasefire that dampened…
Gold near three-week high on softer US dollar, geopolitical concerns
Gold prices ticked higher on Monday (Nov 25), nearing a three-week high, supported by a weaker US dollar and safe-haven demand amid rising geopolitical tensions, as investors awaited more…
RBNZ rate cut wagers leave New Zealand dollar eyeing 2022 low
THE New Zealand dollar is forecast to weaken around 6 per cent in the coming months as a slowing economy prompts investors to price in aggressive interest rate cuts from the nation’s…
Canadian dollar notches biggest weekly gain since August
THE heavily shorted Canadian dollar steadied against its US counterpart on Friday (Nov 22), with the currency holding on to a weekly gain as upbeat domestic retail sales data contributed…
Dollar climbs, euro weakens to two-year low after PMI data
THE euro slumped to a two-year low while the dollar gained on Friday (Nov 22) after gauges of business activity were released in each region, while bitcoin again hit a record high as it…
Strong US dollar, Trump policies pulling the rug from under some Asian, trade-exposed economies
Affected countries will be grappling with cheaper exports to the US, and costlier US dollar-denominated imports THE US dollar has surged with Donald Trump’s win in the US presidential…
Gold hits one-week high on softer dollar; markets await Fed cues
Gold prices climbed to a one-week high on Tuesday (Nov 19), buoyed by a softer US dollar, while the market awaited comments from Federal Reserve officials for cues on the US interest rate…
US dollar marches on, Trump trade momentum undimmed
THE US dollar continued its relentless march higher on Thursday (Nov 14), trading at a one-year high against major peers and headed for a fifth straight daily gain fuelled by higher yields…
US dollar pulls back from six-month peak after US inflation data
THE US dollar pulled back from a 6½-month high against major currencies on Wednesday (Nov 13) after data showed US inflation for October increased in line with expectations, suggesting the…
US dollar roars with Bitcoin as Trump trades shine; euro and yuan slump
THE US dollar rose to a four-month peak versus major peers on Tuesday (Nov 12), while Bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from…
Singapore stocks fall as US dollar strength weighs on Asian stock indices; STI drops 0.8%
The trade-weighted US dollar index is at its highest since Jul 2, and up 4.9% in this quarter SINGAPORE stocks fell on Tuesday (Nov 12) as regional sentiment weakened after the US dollar…
US dollar on track for weekly gain after Trump election win
The greenback rose on Friday (Nov 8) and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of Republican Donald Trump as…
Gold logs biggest weekly fall in over five months on dollar strength
GOLD prices dropped on Friday (Nov 9), logging their steepest weekly decline in over five months, pressured by a stronger dollar and as markets absorbed the implications of Donald Trump’s…
US dollar set for biggest one-day jump since 2020, Bitcoin hits record as Trump secures White House
THE US dollar was set for its biggest one-day rise since March 2020 against major peers on Wednesday (Nov 6) and Bitcoin jumped to an all-time high after Donald Trump was re-elected…
Gold falls as Trump’s decisive election win drives up US dollar
Bullion tumbled as much as 1.5% as Trump’s victory rippled through global markets Gold fell on a surging dollar as Republican Donald Trump was elected back to the White House after one of…
US dollar drops to two-week low as investors take profit on ‘Trump trades’
THE US dollar dipped on Monday (Nov 4) as investors braced for wide-ranging implications for the global economy this week from the outcome of US elections and a likely interest rate cut…
Yen tumbles after Japan election; US dollar set for biggest monthly rise since 2022
THE yen hit three-month lows on Monday (Oct 28) as investors figured the loss of a parliamentary majority for Japan’s ruling coalition in weekend elections would slow interest rate rises,…
Gold eases as US dollar strengthens, traders await Fed policy cues
GOLD prices declined on Monday (Oct 28), pressured by a stronger US dollar, while investors awaited fresh signals regarding the Federal Reserve’s monetary policy trajectory. Spot gold fell…
Gold record rally stalls on higher US dollar, yields
GOLD prices held steady on Thursday (Oct 24) after scaling an all-time high in the previous session, with a stronger US dollar and an uptick in US Treasury yields offsetting support from…
Strong US economy and ‘Trump trades’ boost dollar
THE US dollar climbed on Monday (Oct 21) and cryptocurrency Bitcoin hit a three-month high as a rise in US bond yields and the looming presidential election continued to impact markets.…