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Showing 11 - 20 of 253 results for "Greenback"

Chief economist update: Fed future move depends on dollar direction

BENJAMIN ONG  |  MONDAY, 16 SEP 2019
Freeze frame. Financial markets the world over would be in a sort of suspended animation as they await the conclusion of the US Federal Reserve's September FOMC meeting. This time, there's no "will they, won't they" question to be answered ...

Chief economist update: Don't buy a Big Mac in America

BENJAMIN ONG  |  FRIDAY, 12 JUL 2019
... dollar all around. A Big Mac in China costs CNY21.00 (US$3.05), suggesting that the yuan is 46.9% undervalued versus the greenback (as at July this year). In Japan, relative Big Mac prices indicate the yen is undervalued by 37.5%; South Korea won by ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  THURSDAY, 4 JUL 2019
... the upward pressure on the US dollar gets stronger as the American economy strengthens. Investors will be buying the greenback to participate in the US economic boom. In addition, expectations that the Fed would need to raise interest rates to prevent ...

Chief economist update: The Budget surplus can wait

BENJAMIN ONG  |  THURSDAY, 6 JUN 2019
... Fed will be cutting interest rates have nullified the recent RBA rate cut - sending the AUD's higher against the greenback and on the trade weighted index, which if it becomes persistent would turn Australian export's positive contribution to ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  MONDAY, 27 MAY 2019
... Bloomberg's US dollar index this year to date suggests the degree of these currencies' overvaluation vis-a-vis the greenback has increased. This year to date, the US dollar has appreciated by 0.3% versus the Chinese yuan; 2.3% against the euro ...

Chief economist update: Japan becomes collateral damage in US-China trade war

BENJAMIN ONG  |  WEDNESDAY, 15 MAY 2019
... yen. The week before the war began, the Japanese yen had been depreciating against the US dollar - down 1.4% versus the greenback in the year to May 3 this year and halfway into reversing last year's 2.7% appreciation. Safe haven purchases of the ...

Chief economist update: RBA May cut, May not

BENJAMIN ONG  |  FRIDAY, 3 MAY 2019
... rates if it so decides. Then again, the Australian dollar has dropped since its April 2 meeting - down 1.7% versus the greenback and down 0.7% on the trade weighted index (TWI) - which, in itself, is a de facto rate cut. At the end of the day, the RBA ...

Chief economist update: S&P raises Duterte ratings

BENJAMIN ONG  |  WEDNESDAY, 1 MAY 2019
... gained 6.7% in the first four months of 2019 (after falling by 13% in 2018) and the peso's up by 1.7% versus the greenback (it depreciated by 5.8% last year). Build it and they shall vote. Duterte's build, build, build program is behind all these. ...

Chief economist update: AUD misdirection

BENJAMIN ONG  |  MONDAY, 15 APR 2019
... the local currency shows that it's undergoing a reversal. This year to date, the A has risen by 2.0% against the greenback to US$0.7178 and by 0.5% on the TWI to 63.44. Australia-US interest rate differentials don't explain this. Short-term interest ...

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
... persistent strength that's compounded by the global growth slowdown. The yen has depreciated by 1.1% versus the greenback this year to date, still short of reversing the 2.7% appreciation against the strengthening US dollar it notched up in 2018. ...