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Showing 91 - 100 of 365 results for "Exchange Rate"

Chief economist update: BOJ on a steady

BENJAMIN ONG  |  TUESDAY, 30 OCT 2018
... 10.7% since the September meeting, turning its year-to-date gain into a 12.3% loss, while the Japanese yen/US dollar exchange rate has strengthened by half a percent. Not only these, fresh consumer price data suggests that the BOJ remains a long away ...

RBNZ on ice into 2020

BENJAMIN ONG  |  FRIDAY, 28 SEP 2018
... by 10.7% from the 2018 peak of US$0.7422. For sure, one of the major factors afflicting the kiwi dollar/US dollar exchange rate is the divergence in monetary settings and outlook between New Zealand and the United States. One, that's been underscored ...

Australia's weekus horribilis

BENJAMIN ONG  |  MONDAY, 27 AUG 2018
... for developed markets rose by 0.8% and that for emerging markets increased by 2.4%. While the Australian dollar's exchange rate versus the US dollar managed to end the week with a 0.1% advance to US$0.7329, it was small beer compared with the its peers ...

Chief economist update: Little market reaction from BOJ tweak

BENJAMIN ONG  |  FRIDAY, 24 AUG 2018
... downward to some extent mainly depending on developments in economic activity and prices." The Japanese yen's exchange rate versus the US dollar declined by 0.8% immediately after the announcement and because of its negative correlation with the ...

Chief economist update: A new currency is born

BENJAMIN ONG  |  TUESDAY, 21 AUG 2018
... 40% depreciation) and replaced with the "sovereign bolivar", starting on August 20. The sovereign bolivar's exchange rate would, in turn, be anchored to the "Petro" - a cryptocurrency backed by oil. According to aljazeera.com, "each petro will be ...

Chief economist update: ECB on track for exit

BENJAMIN ONG  |  FRIDAY, 27 JUL 2018
... say about Trump's accusation that the ECB is deliberately weakening the euro: "We said several times that the exchange rate is not a policy target; that it's important for growth and price stability. There is an international consensus that has ...

Chief economist update: Three ayes for a rate hike

BENJAMIN ONG  |  FRIDAY, 22 JUN 2018
... slightly more than projected in May in the near term, reflecting higher dollar oil prices and a weaker sterling exchange rate. Most indicators of pay growth have picked up over the past year and the labour market remains tight, suggesting that domestic ...

Chief economist update: Erdogan's Turkey is cooked

BENJAMIN ONG  |  FRIDAY, 25 MAY 2018
... lira/US$1 this year before the central bank's move. The Turkish central bank's announcement lifted the currency exchange rate a bit to 4.79 lira/US$1 but if the Argentinian peso experience is any guide, it should resume its descent soon until ...

Chief economist update: A US dollar story

BENJAMIN ONG  |  TUESDAY, 22 MAY 2018
The times, they are a-changin'. After reaching a peak of 103.01 on the 23 December 2016, the Bloomberg US dollar index began its long descent before hitting a three-year low of 89.19 in February this year - a 13.4% depreciation. The US dollar has ...

Chief economist update: A$ falls to the occasion

BENJAMIN ONG  |  WEDNESDAY, 2 MAY 2018
... you very much! While the European Central Bank and the Bank of Japan struggle to keep their respective currency's exchange rate low, the market is doing it for Australia sans a single bullet shot - a cut in in interest rates or QE - to get the same result. ...