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Showing 21 - 30 of 253 results for "Greenback"

Chief economist update: BOJ decision announced and ignored

BENJAMIN ONG  |  WEDNESDAY, 20 MAR 2019
... persistent strength that's compounded by the global growth slowdown. The yen has depreciated by 1.5% versus the greenback this year to date, still short of reversing the 2.7% appreciation against a strengthening US dollar it notched up in 2018. "...spending ...

Chief economist update: The AUD's resilience

BENJAMIN ONG  |  TUESDAY, 19 MAR 2019
... from the BOJ is negating the downward pressure on the dollar. This year to date, the AUD appreciated by 0.9% versus the greenback and its depreciation on the TWI has slowed from 6.5% last year to only 0.2% this year so far - a function if you will of ...

Chief economist update: Trump tweets bull market back into China

BENJAMIN ONG  |  TUESDAY, 26 FEB 2019
... pessimism and selling increases." (Investopedia) As a consequence of the US discussions, the yuan appreciated versus the greenback - up from CNY6.7131 per US$1 last Friday to a seven-month high of CNY6.6738, before closing at CNY6.6903 - as investors ...

Chief economist update: A pretty portrait of an emerging market

BENJAMIN ONG  |  MONDAY, 11 FEB 2019
... country's benchmark equity market index dropped 12.8% in 2018 at the same time that the peso depreciated by 5.1% versus the greenback over the same period. Normally, a depreciating currency would boost equity prices. The rationale being a cheaper ...

Chief economist update: The RBA capitulates

BENJAMIN ONG  |  THURSDAY, 7 FEB 2019
... immediately after yesterday's RBA's shift to neutral. The Aussie dollar exchange rate is down (1.6% versus the greenback) and longer term interest rates are lower: two-year notes fell by nine basis points to 1.71%; five-years down by 10 bps to ...

Chief economist update: Bring on Aussie dollar depreciation

BENJAMIN ONG  |  THURSDAY, 24 JAN 2019
... 2008 when the global financial system was in chaos. The A$/US$ exchange rate has now depreciated by 11.9% versus the greenback from 2018's peak of US$0.8098 recorded on 31 January last year (it's down 7.0% on the trade weighted index). This is ...

Fed's pause becomes the ECB's problem

BENJAMIN ONG  |  FRIDAY, 11 JAN 2019
... to be reflected by strengthening in other major currencies, such as the euro. The euro's 4.5% depreciation versus the greenback last year has allowed the European Central Bank to end its asset purchase programme at the end of 2018. The euro's now appreciating ...

Chief economist update: Buy the dip or sell the rallies?

BENJAMIN ONG  |  TUESDAY, 13 NOV 2018
... against these currencies continue to widen as it raises interest rates faster than its peers. But the more expensive greenback is also adding pressure on company profit margins that are already beginning to strain under the weight of higher labour costs ...

Chief economist update: BOJ on a steady

BENJAMIN ONG  |  TUESDAY, 30 OCT 2018
... September 19. That time, the Nikkei-225 index was up by 4.9% (year-to-date) and the yen has weakened by 0.4% versus the greenback. The benchmark index has dropped by 10.7% since the September meeting, turning its year-to-date gain into a 12.3% loss ...

Chief economist update: Is China starting to slow down?

BENJAMIN ONG  |  TUESDAY, 9 OCT 2018
... yesterday's 3.7% drubbing in the Shanghai composite index and the 0.5% depreciation in the Chinese yuan CNY6.9136 versus the greenback. At any other given day, investors would have dismissed this as one of those occasions of extreme volatility in ...