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Showing 11 - 20 of 100+ results for "US dollar"

Chief economist update: When 6%-plus growth is deemed too low

BENJAMIN ONG  |  FRIDAY, 19 MAR 2021
... de facto tightening of financial and economic conditions. The Chinese yuan has now appreciated by a 10.2% versus the US dollar to CNY6.5 from last year's low of CNY7.16.

Chief economist update: Red metal turning red hot

BENJAMIN ONG  |  TUESDAY, 16 FEB 2021
... the withdrawal altogether of social and business restrictions. The rally in copper prices has also been driven by the US dollar's depreciation. The US dollar index (versus major currencies) has now fallen by 11.4% from the 17-year high it recorded in ...

BlackRock results reveal Aladdin trajectory

ELIZABETH MCARTHUR  |  FRIDAY, 15 JAN 2021
BlackRock's end-to-end operating system Aladdin is continuing along its trajectory of world domination, but COVID-19 has provided a blip in revenue growth. BlackRock chief executive Larry Fink has said he wants to see technology revenue make up a third ...

Pendal profits tumble 25%

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
... billion in the year (including the Westpac money). This along with unfavorable currency movements of $2.3 billion as US dollar and British pound impacted its FUM. However, inflows started to pick up between July and September, totaling $1.2 billion. ...

Chief economist update: Get shorty

BENJAMIN ONG  |  TUESDAY, 13 OCT 2020
... was then a fast depreciating Chinese yuan. It's now working to restrain the currency's move higher versus the US dollar, which has appreciated by 3.4% this year to date and by 6.2% from the 2020 low of CNY7.1542/US$ recorded in late May. Investors ...

Chief economist update: ECB keeps it steady

BENJAMIN ONG  |  FRIDAY, 11 SEP 2020
... that while it was discussed the bank does not target the exchange rate. The euro has appreciated by 5.8% against the US dollar this year to date and by 11.1% from the 2020 low recorded on March 20 There are certainly downside risks to these forecasts ...

Chief economist update: Comeback COVID

BENJAMIN ONG  |  TUESDAY, 25 AUG 2020
... reading of 54.7. The manufacturing PMI slowed a tad from 51.8 to 51.7 in August. However, renewed euro strength versus the US dollar - up 3.6% this year to date and up 8.8% from its 2020 low) - amongst other challenges wrought by the virus, would increase ...

Gold rally continues to hit new highs

ALLY SELBY  |  THURSDAY, 30 JUL 2020
... entering the first great depression of the 21st century," he said. Oliver believes gold's record highs have a weakening US dollar to blame. "The recent surge in gold and the Australian dollar have one thing in common - namely an emerging breakdown in ...

Citi adds to markets, custody leadership

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... caused by the pandemic." McKerihan joined Salomon Brothers as a salesperson with responsibility for central banks in non-US dollar markets in 1989. She was appointed head of fixed income sales for Asia Pacific in 1999 moving to Hong Kong to manage the ...

Xinja dabbles in US stocks

ANNABELLE DICKSON  |  WEDNESDAY, 22 JUL 2020
Neobank Xinja has announced plans to launch a US share trading platform Dabble, giving investors access to over 3000 stocks and exchange traded funds (ETFs). Xinja claims Dabble will make names like Tesla, Facebook, Google and Amazon accessible and ...