Business
Singapore dollar hits 11-year high against greenback
Singdollar breaches 1.27 level to strongest since 2014, driven by intervention rumors The Singapore dollar strengthened to its strongest…
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greenback
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Australian, New Zealand dollars seesaw on greenback, keep climbing on yen
The Australian and New Zealand dollars steadied on Wednesday after their US peer enjoyed a broad bounce overnight, while both currencies…
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Australian, New Zealand dollars seesaw on greenback, extend gains on yen
The Australian and New Zealand dollars steadied on Wednesday after their US peer enjoyed a broad bounce overnight, while both currencies…
Business
Wealthy clients stocking up on Singapore equities to hedge against sliding greenback: BOS
The increase marks a sharp acceleration from the typical pace of growth in Singapore-focused allocations Allocations to Singapore dollar…
Business
StanChart, Ant International launch blockchain-based tokenised deposits in Singdollar, greenback
The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure and more efficient…
Business
Ringgit hits three-year high against Singdollar, four-year high versus greenback
The ringgit hit a three-year high against the Singapore dollar and a four-year high against the US dollar this week, as optimism around…
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The greenback strengthens against Singapore dollar, reverses broad weakening trend this year
The US dollar (USD) has climbed nearly 1.5 per cent in the past six days, reversing a downward trend that has persisted for much of this…
Business
Central banks are ditching the greenback: What’s in favour instead?
Central banks hold a variety of assets, each serving a specific purpose tied to their mandate of maintaining monetary and financial…
Business
Asia-Pacific markets fall after US strikes on Iran; oil prices surge, greenback strengthens
Asia-Pacific markets declined in early trade on Monday (Jun 23) morning, as oil prices surged and the greenback reacted, after the US…
Business
Weaker greenback raises risk of currency mismatch for Asian insurers holding USD assets
A mismatch between the currencies in which insurers’ assets and liabilities are held can put pressure on their capital and ability to…
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Weakening greenback to benefit Singapore firms with significant exposure to debts, costs in US dollar
Asian currencies have rallied against the US dollar on the back of concerns that US President Donald Trump’s tariff war will hurt the…
Business
US asset sell-off hammers greenback against safe-haven currencies, euro
THE US dollar dropped versus safe-haven currencies and the euro on Wednesday (Apr 9) as investors worried about the economic impact of US…
Business
Greenback falls as prospect of tariff talks calms global markets
THE US dollar fell on Tuesday (Apr 8) while the euro perked up as stocks bounced in Asia and Europe on hopes that US President Donald…
Business
Greenback rises on mixed jobs report and trade war threat
THE US dollar rose in choppy trading on Friday (Feb 7) after data showed that US job growth slowed in January but that the unemployment…
Business
Greenback firms as strong jobs data support Fed easing pause
THE US dollar rallied on Friday (Jan 10) after data showed that the world’s largest economy created more jobs than expected last month,…
Business
Billions of dollars, bold action: Emerging markets battle a surging greenback
From Brazil to South Korea, emerging-market central banks are forming a line of defence as a rising US dollar pushes their currencies to…
Business
Greenback rebounds against most major units after weak jobs data; traders eye US election
THE US dollar rose against the euro and rebounded against most major currencies on Friday (Nov 1) after traders digested data showing US…
Business
Strong US economy and ‘Trump trades’ boost greenback
THE US dollar climbed on Monday (Oct 21) and cryptocurrency Bitcoin hit a three-month high as a rise in US bond yields and the looming…