The ringgit retreats in adverse risk sentiments in the currency market. — AFP pic

Ringgit lower against US dollar at opening

The ringgit retreats in adverse risk sentiments in the currency market. — AFP picKUALA LUMPUR, Feb 21 — The ringgit opened lower against the US dollar today as investors turned risk averse to riskier currency and amid negative global equity sentiment. At 9am, the ringgit stood at 3.9060/9090 against the greenback from yesterday’s close of […]

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Dollar steadies after bounce, focus on Fed minutes

Dollar steadies after bounce, focus on Fed minutes

SINGAPORE (Reuters) – The dollar inched higher on Wednesday as the near-term focus shifted to the minutes of the Federal Reserve’s last policy meeting for hints on the future pace of U.S. monetary tightening. The dollar index =USD rose 0.1 percent to 89.805, which was up about 1.8 percent from Friday’s three-year low of 88.251. […]

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The Kiwi Dollar Stumbles with FED Talk to Drive the USD Today

US yields rise in auctions as stocks sink; dollar recovers

Reuters By Hilary Russ NEW YORK, Feb 20 (Reuters) – U.S. yields rose in government debt auctions on Tuesday and yields on short-term bills hit their highest levels since September 2008, bolstering the U.S. dollar but helping end a six-session rebound in world stocks. Wall Street stocks were also hurt as Walmart, the world’s biggest […]

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Is Russia a Threat?

Is Russia a Threat?

  February 20, 2018 Alleged election-meddling aside, there is a great deal of exaggeration of Russia’s power and its threat to the U.S., says author and scholar Vijay Prashad audio This is where I am able to find out what is actually developing across the world. Thank you TRNN! – Stan Estus Log in and […]

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Dollar extends recovery from three-year lows as yields rise

Dollar extends recovery from three-year lows as yields rise

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar rose to a six-day high against a basket of major currencies on Tuesday, extending a rebound from a three-year low last week, helped by rising U.S. Treasury […]

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The Trump Trade Deficit Is A Grower AND A Show-er

The Trump Trade Deficit Is A Grower AND A Show-er

(Getty Images) Donald Trump has, for thirty years, characterized the U.S. trade deficit as an economic scorecard—arguing that the American habit of annually importing more than it exports is like running a business that loses money every year. This is, of course, utter nonsense. A national economy is nothing like a business, and the U.S. […]

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Mkt wrap: US dollar outperforms all major currencies - Westpac

Mkt wrap: US dollar outperforms all major currencies – Westpac

Analysts at Westpac offered a breakdown of recent sessions, noting that all major currencies underperformed the USD.  Key Quotes: “EUR/USD fell steadily from the Sydney afternoon to late NY, from near 1.24 to 1.2320/30, with perhaps some weight from a slightly disappointing Feb ZEW German investor sentiment survey. GBP recovered from early London weakness, rising […]

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SpaceX rocket launches Luxembourg satellite for NATO

EMERGING MARKETS-LatAm currencies weaken as dollar rebounds globally

By Bruno Federowski SAO PAULO, Feb 20 (Reuters) – Latin American currencies weakened on Tuesday as the U.S. dollar strengthened worldwide after hitting a three-year low last week. Currencies from Brazil, Mexico and Colombia weakened between 0.3 percent and 0.9 percent. The Chilean peso was barely changed as profit-taking partially offset the global upswing in […]

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The Globe and Mail

At midday: TSX flat as strong energy offsets mining weakness

Canada’s main stock index see-sawed on Tuesday, with strength in the heavyweight energy sector offseting weakness among mining stocks. At 11:34 a.m. ET, the Toronto Stock Exchange’s S&P/TSX composite index was up 2.45 points, or 0.02 per cent, to 15,455.70. The energy group climbed 0.8 per cent, with Crescent Point Energy Corp. rising 2.6 per […]

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The Kiwi Dollar Stumbles with FED Talk to Drive the USD Today

FOREX-Dollar recovers as traders eye US Treasury auctions

Shutterstock photo * Dollar index hits six-day high * U.S. Treasury auctions seen as test of investors’ appetite (Updates throughout to U.S. market open, changes dateline; previous LONDON) By Saqib Iqbal Ahmed NEW YORK, Feb 20 (Reuters) – The dollar rose to a six-day high against a basket of major currencies on Tuesday, extending a […]

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Will Fed Policy Continue To Support The Stock Market?

Will Fed Policy Continue To Support The Stock Market?

The near-term future for the United States economy is going to be dependent upon what the Federal Reserve does with regards to monetary policy. Financial markets continue to produce results that can be interpreted to mean that US economic policy will not achieve much more in the way of greater economic growth, but will produce […]

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A stronger Rand: good and bad news for Zimbabwe

A stronger Rand: good and bad news for Zimbabwe

HARARE, – The South African Rand is getting stronger against the United States each day since Cyril Ramaphosa took over from scandal plagued Jacob Zuma as president of South Africa. And that is good news for Zimbabwe President Emmerson Mnangagwa, according to Renaissance Capital’s chief global economist, Charles Robertson as the country should be one […]

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us dollar four hour chart

EUR/USD Back to Support as USD Stages Strength Ahead of FOMC Minutes

Talking Points: – This week’s economic calendar offers a couple of key releases of meeting minutes from past rate decisions, with FOMC minutes to be released on Wednesday and ECB meeting minutes released on Thursday. Later on Thursday, FX markets get a pivotal release of Japanese inflation for the month of January. – The US […]

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The Kiwi Dollar Stumbles with FED Talk to Drive the USD Today

C$ hits near 1-week low on soft December data

Reuters By Fergal Smith TORONTO, Feb 20 (Reuters) – The Canadian dollar weakened to a nearly one-week low against its U.S. counterpart on Tuesday as the greenback broadly rose and following domestic data that showed an unexpected drop in December wholesale trade. Canadian wholesale trade fell 0.5 percent due to lower sales in the personal […]

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USD/CAD Sudden But Natural Plunge Explained

US Dollar Bounces Off 3-Year Low; Business And Consumer Surveys Are Next

Here are the latest developments in global markets: · FOREX: The traded 0.4% higher on Tuesday, drawing some support from an uptick in the yields of longer-dated US Treasuries. The index rebounded on Friday after touching a fresh 3-year low, and has continued recovering since. · STOCKS: US markets remained closed yesterday in celebration of […]

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US says Indonesia is foregoing billions of dollar in investments

US says Indonesia is foregoing billions of dollar in investments

Indonesia is foregoing billions of dollars on offer from American companies eager to invest in Southeast Asia’s biggest economy, US Ambassador to Indonesia Joseph Donovan said. As the US tries to arrest a deteriorating trade balance with Indonesia, which last year found itself in President Donald J. Trump’s cross-hairs, Donovan has also rejected complaints of […]

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The US dollar leaps to the best levels of the day as stops are hit

Bond yields climbing higher US 10-year yields are at the highest since 2014 with the short end at the highest since 2008. The rising yields are giving the dollar broad support as it hits session highs against the euro, yen, and commodity currencies. The dollar has jumped around 20 pips in the past few minutes […]

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