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Showing 61 - 70 of 100+ results for "US dollar"

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... cheapen their respective currencies, led by Trump who wants the Fed to cut interest rates by a lot more to lower the US dollar exchange rate. And even before this, Reuters reported on August 6 that: "Interest rate moves by central banks across a group ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... after the People's Bank of China (PBOC) allowed the yuan to fall below the psychological threshold of CNY7.0 per US dollar. The official CNY/US$ exchange rate dropped by 1.3% to an 11-year low of CNY7.04 while the offshore CNY/US$ rate fell by 1.8% ...

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

BENJAMIN ONG  |  FRIDAY, 12 JUL 2019
The Bloomberg US Dollar Spot index was trading at 96.7680 on the day Trump tweeted the below: "China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being ...

Chief economist update: Australia needs a cheaper A$

BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
... to name a few, would be clicking on the "heart button" on Facebook. They'll also like the extra boost from their US dollar earnings when translated back into Australian dollars. A-hiring they will go and perhaps, offer higher wages too. Wait there's ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  THURSDAY, 4 JUL 2019
... have been cutting interest rates instead of raising them when it did. Certainly, it would put downward pressure on the US dollar and, coupled with his increased tariffs, would reduce the US trade deficit. Lower US interest rates and a cheaper currency ...

Asset manager eyes Australian market

KANIKA SOOD  |  TUESDAY, 25 JUN 2019
... is opening the Moneda Latin American Corporate Debt Fund to Australian investors. The high yield bond fund invests in US dollar-denominated corporate credit of Latin American companies and has returned 12.5% p.a. since February 2000 inception under the ...

Chief economist update: Thrilla in Osaka

BENJAMIN ONG  |  TUESDAY, 25 JUN 2019
... the Trump-Xi meeting at the G20. The Yuan/US exchange rate displays the same history - it has strengthened versus the US dollar amid positive expectations over US-China trade talks. The yuan/US$ exchange rate has risen by 0.8% after it dropped to a six-month ...

Chief economist update: Fed plans for Trump contingency

BENJAMIN ONG  |  THURSDAY, 20 JUN 2019
... surprisingly, investors are putting their money where their expectations are - benchmark US equity indices closed higher and the US dollar dipped. More directly, the CME FedWatch Tool - based on 30-day Fed Fund futures pricing data - shows the probability ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  MONDAY, 27 MAY 2019
... with offending currencies. A starting point would be the extent of under-valuation of a particular currency versus the US dollar. On January 10 this year, The Economist published its 'Big Mac' index. It showed that apart from the overvaluation ...

Australia lags on dividends

KANIKA SOOD  |  MONDAY, 20 MAY 2019
... payments this year, up 4.2% on headline basis and 5.2% on underlying basis. It made no change to its 2019 forecast as the US dollar's strength offsets higher special dividends.