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Showing 81 - 90 of 253 results for "Greenback"

Market to open higher

AAP  |  FRIDAY, 31 JUL 2015
... after a Wall Street rally. Tokyo jumped 1.08 per cent, or 219.92 points, to 20,522.83 as the yen weakened against the greenback and top firms including Nintendo reported strong earnings. Sydney rose 0.81 per cent, or 45.3 points, to 5,669.5 thanks to ...

Gold's no longer gold

BENJAMIN ONG  |  TUESDAY, 21 JUL 2015
... devaluation of the US dollar. Not true no more. US dollar weakness has prompted China, Russia and India to propose that the greenback be replaced by a multi-reserve currency system. When faith in the fiat currency is lost, hard commodities such as gold ...

Mocking Maastricht

BENJAMIN ONG  |  WEDNESDAY, 3 JUN 2015
... The ayes have it. The yield on 10-year Greek bonds dropped by 14 bps to 11.36% and the euro jumped 2.3% vis-A -vis the greenback to US$1.1175 in overnight trade. That's a vote of confidence that the euro would remain intact and that there won't be any ...

Market to open higher

AAP  |  TUESDAY, 2 JUN 2015
... against the US dollar. On Monday the US dollar was at Y124.20 in Tokyo against Y124.12 late Friday in New York. The greenback briefly touched Y124.46 last Thursday, the highest level since December 2002. "Today's (stocks) gain suggests that the market ...

Strong USD reflects (deflects) lift-off

BENJAMIN ONG  |  WEDNESDAY, 27 MAY 2015
... less competitive and imports cheaper and it also erodes earnings of offshore US companies when translated back into the greenback. And oh, it also reduces inflation pressure. The Fed is clued in on this. The minutes of its 28-29 April FOMC meeting revealed ...

Tug o' currency war

BENJAMIN ONG  |  WEDNESDAY, 20 MAY 2015
... that lifted the US dollar index to a high of 110.39 - triggering speculation that, eventually, one euro would buy one greenback... or even less. This wasn't to be. The euro steady climbed instead of sinking, up 9.5% from this year's low to US$1.1451 ...

RBA cuts as expected, A$ does the unexpected

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2015
... than its 2015 opening level and 19.7% above its level this time last year. The Fed would not want to re-energise the greenback by announcing an earlier than expected lift-off until it's certain that the 'transitory factors' that slowed the economy in ...

May cut, may not

BENJAMIN ONG  |  MONDAY, 4 MAY 2015
... reduced the odds to a coin flip (50/50). That was until the Australian dollar's resurgence back to US$0.80 against the greenback last week, immediately boosting the odds to around 60% and then to 73% thereafter. Looking at the Australian economic indicators ...

When?

BENJAMIN ONG  |  THURSDAY, 30 APR 2015
... massive 23.1% in the March quarter. It's the strong US dollar (coupled with weak global growth). The rise and rise in the greenback contributed to "net exports" contributing the biggest drag on first quarter growth - minus 1.25 percentage points - with ...

Market Wrap AM

AAP  |  THURSDAY, 30 APR 2015
... compared with Tuesday's closing level. The euro climbed to a three-week peak against the US dollar at $US1.1064 as the greenback took a hit on the slowing US growth. HONG KONG - Asian markets slipped with more weak US data raising questions about the ...