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HONG KONG, China (AFP) — The dollar lost a little of its strength Tuesday after starting the week by surging against major peers, including a record high versus the pound, though equity traders struggled to claw back recent losses owing to recession fears. While central banks around the world are ramping up interest rates to fight inflation, the main focus is on the US Federal Reserve’s increasingly hawkish tone that has seen it unveil three […]
Third straight day that peso hit new record lows (Eagle News) – The Philippine peso sank to a new record low of P58.49 to a US dollar on Thursday, September 22, the third straight day that the peso had gone down to record lows. On Wednesday, Sept. 21, the peso went down to P58 to a dollar, and the previous day, Tuesday (Sept. 20), it closed at P57.48. This came about as the US […]
(Eagle News) – The Philippine peso plunged to a new record low against the US dollar at P57.43 on Friday, September 16. The previous lowest closing of the peso was recorded on Sept. 8 when the peso went down to P57.18 to a US dollar. According to data from the Bankers’ Association of the Philippines (BAP), intraday trading saw the peso even going as low as P57.44 against the dollar. It settled at P57.43 […]
HONG KONG, China (AFP) — Asian markets extended their gains Friday on hopes for China-US trade talks, while Turkey’s lira held up after a shock hike in the country’s interest rate and a dip in US inflation. After a tumultuous start to the month, investors finally had something to smile about Thursday after Treasury Secretary Steven Mnuchin invited Chinese officials for fresh talks to avert an all-out trade war. The news provided some much-needed support, […]
HONG KONG, China (AFP) — The dollar suffered fresh pressure on Friday as traders cash in the recent gains fueled by Donald Trump’s tax cuts, while Asian equities were on course to end a strong year in tepid fashion. Asia’s biggest markets have enjoyed huge gains over the past year — with Hong Kong up more than a third and Tokyo 20 percent higher — fuelled by expectations that Donald Trump would push through business-friendly […]
BEIJING, China (CCTV) — The central parity rate of the Chinese yuan weakened by 140 basis points to 6.5670 against the U.S. dollar on Wednesday, the lowest since the start of this month, according to the China Foreign Exchange Trade System. The midpoint of the Chinese yuan against the greenback is slipping to a two-week low of 6.5530 on Tuesday. Analysts said the fast appreciation of the yuan since late June drew a lot of […]
NEW YORK, United States (AFP) — US stocks retreated and the dollar fell against most currencies Thursday in the final session before the inauguration of President-elect Donald Trump. Equities elsewhere were mixed, with Japan’s Nikkei climbing on a weaker yen, while European equities fell modestly after the European Central Bank kept interest rates low and adopted a generally dovish stance on monetary policy. Some analysts described heightened uncertainty about Trump among investors in the US, […]
Graphic showing the performance of the euro vs the dollar as US election results are announced.
SINGAPORE, Singapore (AFP) — The dollar retreated across the board in Asia Thursday after comments from Federal Reserve boss Janet Yellen on the weak global economy suggested the central bank will not hike interest rates any time soon. The greenback also sank to late 2014 levels against the yen on the back of a flight to safe investments as markets from Asia to the Americas are buffeted by worries over the global outlook. Testifying before Congress on […]
Asian equities were subdued on Friday (February 5) and the dollar wobbled ahead of the closely watched U.S. jobs report, which could provide clues on the Federal Reserve’s monetary policy outlook. The markets will look to the U.S. jobs data for direction, with the employment report expected to how employers adding 190,000 jobs in January, the median estimate of 108 economists polled by Reuters. Japan’s benchmark Nikkei stock average was down 1 percent despite an […]
