Dollar firms as investors hope Fed holds the line
The dollar steadied on Tuesday as a surge in COVID-19 infections and doubts over more U.S. stimulus hit the market’s upbeat mood. Traders were also cautious ahead of the Fed’s policy review later in the week.
Bonds held onto gains ...
Dollar takes a breather on renewed coronavirus worries
The dollar steadied on Monday after a recent drop as new worries about the coronavirus pandemic and the global economy urged investors to cling on to the safe-haven currency.
The dollar index was flat at 90.172. It rebounded on Friday after ...
Asian shares seen cautious on surging COVID-19 cases
Asian share markets were seen subdued on Monday. Investors’ downbeat sentiment could be attributed to an increase in coronavirus cases and as pessimism grew over the ability of vaccine makers to provide the pledged doses on time.
MSCI’s ...
Global green bond issuance reached milestone peak in 2020
Global green bond issuance touched a historic high of $269.5 billion by the end of last year. More so, it is expected to hit a new record peak of around $400-$450 billion in 2021, a report released by the Climate Bonds Initiative (CBI) showed ...
Asian shares ease on stimulus-driven concerns
Asian share markets reversed from high grounds to trade weakly on Tuesday. Investors’ dampened sentiment was brought by concerns about possible impasses that U.S. President Joe Biden’s $1.9 trillion stimulus package may encounter. ...
Dollar rebound fades as traders boost risk sentiment
The dollar was on course for its worst week of the year on Friday as traders cheered in the Biden administration. Investors supported risk assets and boosted bets that a pandemic recovery could push the dollar lower.
The dollar fell ...
Asian shares ease from stimulus-driven rally
Asian share markets eased from milestone peaks on Friday. The weak session could be attributed to investors’ move of taking profits after President-elect Joe Biden’s $1.9 trillion worth of stimulus plan lifted sentiment.
MSCI’s ...
Japan’s consumer prices see historic decline in December
December had seen Japan’s core consumer prices decelerate at the fastest annual pace in a decade. The drop highly underscored worsening deflationary concerns that, in turn, brought in pressures for the central bank to reinforce its measures ...
British retail sales post weak December growth
Britain’s retail sales data released on Friday showed weak growth in December as British retail outlets and shops resumed business operations coming off a four-week lockdown in November to help curb coronavirus spread. Meanwhile, public ...
Asian shares reach high grounds on Biden inauguration
Asian share markets recorded an upbeat performance on Thursday, tracking Wall Street's rally. The series of gains could be attributed to investors’ enthusiastic mood as the inauguration of U.S. President Joe Biden brought in hopes for ...
Dollar falls as hopes for U.S. stimulus boost sentiment
The dollar fell on Wednesday and the euro held on to gains as the sentiment improved amid big spending talk from U.S. Treasury Secretary nominee Janet Yellen.
The euro rose from support around $1.2050, gaining nearly 0.4% overnight to hit ...
Brent climbs as optimism over economy offsets demand fears
Brent crude futures rose on Tuesday as hopes that the government will support global economic recovery and oil demand offset worries about renewed lockdowns affecting fuel consumption.
Brent crude futures for March delivery were up 0.3%, or ...
