Today: September 21, 2024
Today: September 21, 2024

Latest From Rae Wee

Economy|News|Political

Dollar struggles for direction, euro close to 1-1/2-month low

The dollar struggled for direction on Wednesday while the euro remained close to its recent lows on concerns that a new government in France could weaken fiscal

Dollar struggles for direction, euro close to 1-1/2-month low
Business

Gold rises, oil choppy after Iran attacks Israel

Gold prices rose on Monday, attracting some safe haven bids, while oil prices were choppy after Iran's retaliatory attack on Israel over the weekend stoked fears of a

Gold rises, oil choppy after Iran attacks Israel
Business

Yen on intervention watch; Asia shares subdued

The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese authorities kept investors leery of pushing the currency to

Yen on intervention watch; Asia shares subdued
Business

Dollar dips, yen draws support from Tokyo's jawboning

The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly stronger yen as Japanese government officials continued with

Dollar dips, yen draws support from Tokyo's jawboning
Business

Intervention threat curbs dollar's ascent towards new high on the yen

The dollar was on the front foot on Monday and kept the yen pinned near a multi-decade low, though the threat of currency intervention from Japanese authorities

Intervention threat curbs dollar's ascent towards new high on the yen
Business

Asia shares on a roll as SNB kicks off rate cuts

Asian stocks were near a weekly gain on Friday and the Nikkei charged to a record high, riding a rally from its global counterparts after a surprise rate cut from the

Asia shares on a roll as SNB kicks off rate cuts
Business

Dollar slips as Fed stays the course; Aussie jumps on jobs data

The dollar fell broadly on Thursday after the U.S.

Dollar slips as Fed stays the course; Aussie jumps on jobs data
Business

Yen holds nerve as BOJ decision looms; dollar resurgent

The yen dwindled near the 150 per dollar level on Tuesday but held its ground ahead of a pivotal policy decision from the Bank of Japan (BOJ), while the U.S. dollar

Yen holds nerve as BOJ decision looms; dollar resurgent
Business

Asia stocks steady; Nikkei bruised by BOJ pivot bets

Asian shares held near seven-month highs on Thursday though traded mostly sideways as investors awaited fresh catalysts that would provide further clarity on the

Asia stocks steady; Nikkei bruised by BOJ pivot bets
Business

Asia shares strike seven-month high ahead of US jobs data

Asian stocks rose to a seven-month peak on Friday, tracking global peers as investors cheered the prospect of an imminent rate easing cycle led by major central banks,

Asia shares strike seven-month high ahead of US jobs data
Business

Dollar firms ahead of busy data week with US inflation in focus

The dollar was on the front foot on Monday ahead of a packed week filled with key economic releases that will provide further clues on the global interest rate outlook

Dollar firms ahead of busy data week with US inflation in focus
Business

Dollar rangebound, an array of PMI data awaited

The dollar held broadly steady on Thursday as traders awaited a slew of business activity surveys to gauge the health of major economies and what that may mean for the

Dollar rangebound, an array of PMI data awaited
Business

Dollar firms past 150 yen as US, Japan rates outlook diverge

The yen was pinned near a three-month low against the dollar on Tuesday as sticky U.S. inflation bolstered the case for higher-for-longer interest rates, contrasting

Dollar firms past 150 yen as US, Japan rates outlook diverge
Business

Asia stocks edge down; dollar rides Treasury yields higher

Asian shares tracked a negative lead from Wall Street on Wednesday, while the dollar and Treasury yields jumped as traders pared back expectations for the pace and

Asia stocks edge down; dollar rides Treasury yields higher
Business

Dollar nears 150 yen ahead of US inflation test; bitcoin buoyant

The dollar flirted with the psychological threshold of 150 yen on Tuesday and held broadly steady ahead of a key reading on U.S. inflation due later in the day, while

Dollar nears 150 yen ahead of US inflation test; bitcoin buoyant
Business

Asia stocks head for monthly loss as China drags; FOMC looms

Asian shares fell broadly on Wednesday, while the Australian dollar slid after surprisingly soft domestic inflation data and short-dated Treasury yields stayed

Asia stocks head for monthly loss as China drags; FOMC looms
Business

Asia stocks struggle as China drags, rate cut bets dwindle

Asian shares were off to a tepid start on Thursday, weighed down by a murky economic outlook in China and expectations the global rate easing cycle may not come as

Asia stocks struggle as China drags, rate cut bets dwindle
Business

Dollar retreats, bitcoin jumps ahead of ETF approval deadline

The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year on the belief that inflation in the U.S. is

Dollar retreats, bitcoin jumps ahead of ETF approval deadline
Business

Dollar rebounds as traders rethink Fed rate cut expectations

The dollar edged higher on Thursday as investors reassessed their expectations of the scale of rate cuts by the Federal Reserve this year, with an air of caution

Dollar rebounds as traders rethink Fed rate cut expectations
Business

Dollar struggles to gain footing in thin trade; yen steady

The dollar was trying to find a floor on Tuesday in holiday-thinned trade, pressured by signs that inflation in the world's largest economy is cooling that will likely

Dollar struggles to gain footing in thin trade; yen steady
Business

Asian stocks mixed ahead of Fed decision; oil prices slump

Asian shares were mixed on Wednesday, while oil prices slid to six-month lows as traders waited for the year's final policy decision from the Federal Reserve and clues

Asian stocks mixed ahead of Fed decision; oil prices slump
Business

Sterling steady, dollar wobbles as markets brace for post-Thanksgiving buzz

The dollar kicked off the last week of November on the back foot while sterling held near an over two-month high on an easing economic gloom in the UK, as traders eyed

Sterling steady, dollar wobbles as markets brace for post-Thanksgiving buzz
Business

Yen's slide to multi-decade lows keeps markets on intervention alert

The battered yen was stuck near a three-decade low against the dollar on Tuesday, struggling to find a floor as the Bank of Japan's (BOJ) ultra-easy monetary policy

Yen's slide to multi-decade lows keeps markets on intervention alert
Business

Dollar eyes weekly gain as US economy stays robust; yen struggles ahead of BOJ

The dollar was headed for a weekly gain on Friday, aided by solid U.S. growth figures that bolstered the case for higher-for-longer interest rates, while the yen

Dollar eyes weekly gain as US economy stays robust; yen struggles ahead of BOJ
Economy

Dollar rebounds as yields rise, consumer confidence improves

The dollar gained on Tuesday, giving back earlier losses, as benchmark U.S. Treasury yields hit a four-week high following some weak auctions.

Dollar rebounds as yields rise, consumer confidence improves

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