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Tuesday, June 18, 2019

Tag: currency

Dollar hits two-week high as traders eye Fed meeting

Expectations of a rate cut at the Fed's June 18-19 meeting have fallen to a probability of around 20%.

Ringgit continues rally against US dollar

The ringgit continues its rally to open higher against the US dollar, bolstered by de-escalating trade tensions between the US and Mexico.

Asia stocks set to gain, yen drops on Mexico news

Asia stocks look set for gains and US equity futures climb after President Donald Trump suspended his plans for tariffs on Mexico.

Sterling jumps as dollar falls on weak US data

Sterling rises to a two-week high after weak US jobs data weighed on the dollar and bolstered the case for a Federal Reserve interest rate cut.

Blackstone money awaited in India to avert shadow lender default

Investors in rupee corporate bonds anticipate on whether a major Indian shadow lender will repay approximately US$18 million of bond payments to help avoid worsening the reputation of the nation’s credit markets.

Ringgit continues upward momentum against dollar

At 9am, the ringgit was up to 4.1750/1790 against the greenback from 4.1800/1840 at yesterday's close.

Dr M moots currency backed by gold

He says this would be more stable than the current currency trading, which is manipulative.

Ringgit slightly higher against greenback at opening

At 9am today, the ringgit was quoted at 4.1905/1945 against the greenback compared to 4.1910/1940 from Thursday’s close.

Ringgit slips further against US dollar

The ringgit is expected to remain weak although further downside risks could be limited as the currency is already at an oversold position.

Australian dollar to strengthen after Morrison clings to power

The Aussie sank to 68.68 cents last week amid a rise in the unemployment rate in April and China dashing hopes the trade spat would be ended soon.

Singapore dollar slipping as trade war chips at monetary band

Revised gross domestic product figures are the next thing to watch for clues on the trajectory of the Singapore dollar.

As bitcoin gyrates, less euphoria in evidence at blockchain gathering

This year’s attendance fell short of the 2018 count of 8,000, as only 4,800 people came to the event.

Bitcoin extends surge past US$7,300 to highest since September

The biggest cryptocurrency has more than doubled since its Dec 14 trough and is now rising for a sixth-straight day.

Ringgit to be volatile against US dollar next week

Global investors cautious as US steps up trade war with China.

Pound faces jolt as local elections give impetus to Brexit talks

The sterling surged above US$1.31 Friday to head for its biggest weekly gain since March.

Ringgit opens lower on possible OPR cuts next week

At 9 am, the ringgit was lower at 4.1400/1430 compared with 4.1355/1385 at Thursday's close.

Ringgit flat against US dollar

The ringgit was traded at 4.1310/1350 against the greenback in early trade from 4.1310/1340 on Friday's close.

Ringgit flat against US dollar in early trade

The local unit traded at 4.1340/1370 against the greenback from 4.1340/1380 at close yesterday.

Pound looks placid in Brexit break before Parliament meets again

Volatility in the currency has fallen to the lowest in years.

Ringgit buying spree expected next week on hope of global recovery

Resumption of Bandar Malaysia project and likely favourable March inflation data add to the good news on the home front.

Ringgit lower in early trade

The local unit was traded at 4.1400/1440 against the greenback from 4.1330/1360 at yesterday's close.

Ringgit opens lower against US dollar

The ringgit was traded at 4.1340/1390 against the greenback from 4.1310/1350 recorded at yesterday's close.

Ringgit lower against US dollar in early trading

The local unit was traded at 4.1110/1150 against the greenback from 4.1080/1110 recorded at yesterday's close.

Ringgit higher against US dollar in early trading

The ringgit was traded at 4.1070/1150 against the greenback from 4.1120/1170 at Friday's close.