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Monday, June 17, 2019

Tag: dollar

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.

US’s upper middle class feeling the pinch too

As of February, only incomes among the top 25% surpassed this rate an an annual basis, according to the Atlanta Federal Reserve.

Dollar falls versus yen as US Treasury curve flashes warning

The dollar rose against the euro as a much weaker-than-expected German manufacturing survey raised concerns that Europe's powerhouse economy may be slowing.

US-China said to be haggling over how to enforce currency pact

Treasury Secretary Steven Mnuchin touts the currency pact as the strongest ever, though he offered no details, following two days of high-level talks in Washington between US and Chinese officials.

Gold prices rise on trade talk optimism, Fed stance limits gains

The dollar index against a basket of six major currencies is set to decline about 0.3% this week, which could be its biggest weekly fall in a month.

Dollar vortex puts chill on earnings that may worsen in spring

The ICE Dollar Index jumped more than 10% from its low in February 2018 to its high in November, and its average level last quarter was 3% higher than the previous year’s period.

Zimbabwe plans new currency as dollar shortage bites

President Emmerson Mnangagwa is under pressure to revive the economy but dollar shortages are undermining efforts to win back foreign investors.

Aussie dollar tanks to 10-year low against greenback

That concern sent mineral prices lower and with them the resource-sensitive Australian dollar.

Nikkei hits 20-month low after Wall St slides on US political...

All of the Tokyo Stock Exchange's 33 subsectors were in the red.

Analysts who warned of emerging-market rout expect painful 2019

The Singapore-based strategist at Societe Generale, one of the few to anticipate the slump in emerging markets beginning in January, sees no imminent turnaround for the asset class.

China c. bank adviser says China should defend yuan at 7...

The Chinese currency has lost nearly 7% of its value to the dollar since the beginning of this year.

EU pushes euro to break dollar dominance

European capitals are increasingly frustrated with the global dominance of the dollar.

Ringgit opens slightly higher than US Dollar

The currency was exposed to external factors, especially the trade policy talks that would take place between the United States and China at the G20 summit today in Buenos Aires.

Asia stocks to gain amid trade talk; dollar rises

Futures pointed to gains for equities in Tokyo, Shanghai and Hong Kong after the S&P 500 Index climbed for a second day.

Sterling catches breath before UK cabinet meeting

As the EU braces for the biggest divorce in its history, Brexiteers in May's Conservative Party have said they would vote the deal down.

China worries hit stocks, lira gains as dollar cools

Chinese Premier Li Keqiang said the pressure on his country's economy had grown, adding to fears about the damage from a bitter trade dispute with the United States.

Asian markets dive with Fed set for more rate hikes

The broad rally across world markets in the middle of the week that was fuelled by upbeat earnings gave way to ongoing uncertainty about the global outlook.

Ringgit ends firmer against US dollar ahead of 11MP review

At 6pm, the local unit improved to 4.1490/1530 against the greenback from 4.1515/1555 on Tuesday.

Dollar rises on firmer US yields; yuan struggles

While the dollar has struggled to extend gains against the euro and the sterling in recent days, it has strengthened against its emerging market counterparts and pinned the Chinese yuan to a two-month low.

Ringgit closes lower against US dollar

At 6pm, the local unit stood at 4.1540/1580 against the US dollar from 4.1530/1560 recorded on Friday.

Asian shares resume decline, Saudi tensions lift oil prices

Oil prices jumped and Saudi Arabian shares tumbled on rising diplomatic tensions between Riyadh and the West after the monarchy warned against threats to punish it over the disappearance of a journalist critical of its policies.

Tokyo’s Nikkei drops nearly 4% after Trump Fed comment

The Nikkei 225 index plunged 3.89%, or 915.18 points, to end at 22,590.86, while the broader Topix index shed 3.52%, or 62.00 points, to 1,701.86.

Ringgit closes marginally higher against US dollar

At 6 pm, the ringgit stood at 4.1515/1545 against the US dollar from 4.1550/1600 recorded yesterday.

Asian markets cautious after US volatility

US and European markets meandered on Tuesday, with investors nervous after 10-year US Treasury bond yields surged above 3.0% and the IMF sounded a cautious note on the global economy.

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