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Showing 41 - 50 of 253 results for "Greenback"

Chief economist update: The yen's on the up and up

BENJAMIN ONG  |  FRIDAY, 16 FEB 2018
... by just 3.1% versus the US dollar. So far this year (to 15 February), it has already risen another 5.7% against the greenback to ¥106.86 - it's strongest level since November 2016. The rising yen could rise even more going forward because despite the ...

Chief economist update: Red light on greenback

BENJAMIN ONG  |  THURSDAY, 25 JAN 2018
... USA" products and services the rest of the world would be spending their upwardly revised growth on. Year-to-date, the greenback is down 3.0% against the euro, down 4.9% versus the pound and down 3.1% vis-a-vis the yen. This is on top of the dollar's ...

Chief economist update: No stealth tapering, no exit strategy...yet

BENJAMIN ONG  |  WEDNESDAY, 24 JAN 2018
... close at its highest level - 24,124.15 points - in 26 years despite the yen's advance to a ¥110.41 close versus the greenback from ¥110.92 before the BOJ decision and ¥112.63 at the start of 2018. Who needs a cheaper yen anyway? Not with the BOJ's ...

Chief economist update: ECB sees low rates for longer

BENJAMIN ONG  |  TUESDAY, 16 JAN 2018
... upward pressure on bond yields, the euro currency continued to strengthen. The euro has gained another 2.2% against the greenback to US$1.2273 in the first two weeks of 2018 after appreciating by 13.9% last year. The breakdown in the negative correlation ...

Thinning trade surplus shaves A$

BENJAMIN ONG  |  FRIDAY, 8 DEC 2017
... over the same period. The A$ disappointment over the latest trade balance result sent the A$ down by 0.7% against the greenback, closing at US$0.7525 compared with the previous day's closing of US$0.7575. This may not be good news for Australians planning ...

BOE does what it said it would do

BENJAMIN ONG  |  FRIDAY, 3 NOV 2017
... the bond market. The pound dropped against its peers after the rate hike announcement. It closed 1.6% lower versus the greenback to U$1.3067 from the day before; down 1.4% against the euro to €1.1194, and; fell by 1.9% vis-a-vis the yen to ¥148.76. ...

Currency trend is not our friend

BENJAMIN ONG  |  MONDAY, 11 SEP 2017
... to the Australian Financial Review, "Analysts at Commonwealth Bank recently suggested that a continued slide in the greenback could see the Aussie dollar push as high as US85c by the end of next year." Maybe the CBA is right. It's rationale for continued ...

Euro strength is a source of weakness

BENJAMIN ONG  |  FRIDAY, 8 SEP 2017
... in the Q&A, when asked if Draghi thinks the euro is a problem at its current level (the euro is up 14.3% versus the greenback this year to date): "...the exchange rate is not a policy target. It's very important for growth and inflation. It's so important ...

Boring is good

BENJAMIN ONG  |  WEDNESDAY, 6 SEP 2017
... assumed office) to a high of US$0.802 and a low of US$0.7174 - a 7.2% appreciation and a 4.1% depreciation vis-a-vis the greenback, respectively. There was not much to prod the RBA's fingers in either direction with regards to the share market as well ...

Who's afraid of North Korea? Not the South Koreans

BENJAMIN ONG  |  TUESDAY, 5 SEP 2017
... South Korean won continues to appreciate. It has risen from KW1207.80 per US$1 at the start of 2017 to KW1132.95 per greenback (a 6.6% appreciation to date). Similarly, the benchmark KOSPI composite index has gained 15.2% this year to date - outperforming ...