Posts Tagged ‘currency’

Strong 1Q GDP, higher crude fail to keep ringgit support after 1-day rally

BNM’s plans to boost onshore market liquidity and accessibility is expected to mitigate a key risk facing the ringgit, says analyst
by MARK RAO / pic ...

FXTM: Ringgit undervalued as traders oversell on headline risks

The PPP metric indicates that the fair value of the ringgit is undervalued by over 60% against the greenback, says analyst
by MARK RAO / pic by MUDH ...

Hong Kong’s weak dollar is a victim of surging China stocks

By BLOOMBERG
HONG KONG • The rally in Chinese stocks has been bad news for the Hong Kong dollar. Equity investors are selling the currency for the ...

Citi sets up Singapore currency trading hub

SINGAPORE • Citigroup Inc is planning to join UBS AG with an electronic currency trading and pricing platform in Singapore, setting up systems to boost ...

Winners of stronger ringgit

A stronger ringgit will be a relief to local firms whose input and raw material costs are predominantly US dollar-denominated
By MARK RAO / Pic By MUHD ...

Bank of Thailand keeps rate on hold

BANGKOK • Thailand’s central bank left its benchmark interest rate unchanged, as expected, as slower inflation and a soaring currency give policymakers ...

No cut seen yet, says BI governor

JAKARTA • Indonesia’s central bank governor Perry Warjiyo (picture) said the benchmark interest rate is near its peak, but he doesn’t see room yet to ...

Philippine growth slower than estimated

MANILA • Philippine economic growth was slower than economists estimated last quarter, as expansion in investment and manufacturing weakened. The currency ...

Indonesia resurgence gathers pace as global investors pile in

SINGAPORE • The return of yield-hungry investors is signalling the worst may be over for Indonesia.
Global funds are piling back into Asia’s bellwether ...

The US$1,000 bill that could be worth US$3m

by JAMES TARMY
IN 1891, the US Treasury printed some US$1,000 bills, around 1,500 of them. Rather than enter mass circulation, though, the silver ...

Can the ringgit rise brave the global storm?

The local unit has risen by 0.42% against the greenback since the start of this year amid concerns that the US economy has peaked and could go on a ...

Re-pricing — a business necessity in Argentina’s economic crisis

This year alone, it suffered 2 currency crises that saw the peso lose around 50% of its value against the dollar
By AFP Buenos Aires • Argentina’s ...