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Wednesday, October 16, 2019

Tag: currency

Ringgit unchanged at opening

Low oil prices are not providing support for local currency.

Ringgit opens higher post 2020 budget

Ringgit, however, trades mixed against other major currencies.

Goldman sees pound rallying further as hopes of Brexit deal rise

If EU and UK PM agree on a deal this week, enough lawmakers will support it to ensure an orderly Brexit.

Who’s betting against the pound? FX markets enter UK political fray

Some currency traders are 'gambling on the country's failure'.

PayPal abandons Facebook-backed Libra cryptocurrency group

PayPal says it remains supportive of Libra’s aspirations and looks forward to working together in future.

Ringgit opens higher against US dollar

The release of weaker-than-expected US manufacturing and employment data provides support for Asian currencies.

Ringgit falls against dollar ahead of US manufacturing data release

The ringgit traded mostly higher against other major currencies. 

Strong Baht ‘frightening’ Thai tourism

Tourism Council reduces foreign arrival receipts to 1.95 trillion baht from an earlier estimate of more than 2 trillion baht.

Ringgit extends gains in early trade

Demand for the ringgit remained intact after FTSE Russell decided to keep Malaysia on its benchmark World Government Bond Index.

Ringgit opens lower

Weaknesses in oil prices also weighed down the ringgit. 

Ringgit higher at opening, tracking higher crude oil prices

The ringgit traded mostly higher against other major currencies except for the British pound.

Ringgit opens slightly higher against US dollar

Further monetary easing by the Fed may give push to ringgit.

Pound falls as traders brace for Brexit showdown with parliament’s return

Traders are expecting much more volatility in sterling in the coming months.

Yuan falls for 11th day, set for longest losing streak on...

The yuan is set for its 11th day of losses against the dollar which would be its most prolonged slump.

Pound dives on increased no-deal Brexit prospect

The pace of sterling's drop demonstrates yet again the currency’s susceptibility to Brexit fears, says an analyst.

Malaysia’s olive branch to foreign investors might not be enough

Malaysia’s move to free up trading in its currency is a compromise between appeasing foreign investors and curbing hot money flows.

Ringgit opens slightly higher today

The ringgit performed stronger today resulting from a second-quarter economic growth of 4.9% from 4.5% in the first-quarter of 2019.

Bank Indonesia keeping rupiah bears at bay

The rupiah’s 0.8% loss this quarter makes for the second-best performance among Asian emerging market currencies.

Rupee becomes Asia’s worst performer

The risk of overseas investors in rupee bonds getting caught wrong-footed and weakening India’s currency further is surging as losses this month outpace Asian peers.

Fed remains a target as US economy falls short of Trump’s...

US President Donald Trump blames the Federal Reserve for putting the US economy at risk, though it is reportedly in 'reasonably good' shape.

The US dollar looks like a wrecking ball to some investors

Donald Trump gets the headlines, but he’s not the only one worried that the dollar’s remarkable ascent is causing economic harm.

Asia stocks climb but tensions linger

Concerns over a concurrent US-China trade war remain high, prompting a rush on safe-haven assets such as bonds, gold and the Japanese yen.

Emerging Asia’s US$5 tril reserves put to test in currency war

Reserves of central banks in developing Asian nations will be put to the test as currencies slide.

Trump praises US economy amid China spat, vows to back farmers

China's shunning of US agricultural products further inflames an escalating dispute between the world's two largest economies that is dragging into a second year, rattling financial markets.