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Markets 3 years ago
Asia stocks jump as relief rally builds after UK U-turn
Asia stocks nudged higher on Tuesday as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the US dollar took a breather at its lowest levels in more than a week as a revival in risk-taking lowered its appeal.
Economy 3 years ago
Biden says "not concerned" about strength of US dollar
"I'm not concerned about the strength of the dollar. I'm concerned about the rest of the world," Biden told reporters in the western state of Oregon when asked about the dollar, which has strengthened to the upper 148 yen level, just below the psychologically important 150 yen line.
Markets 3 years ago
Dollar at 24-year peak to yen as US yields jump; sterling on the ropes
The dollar rose to a fresh 24-year high against the yen on Wednesday, moving above levels that prompted intervention by Japanese officials last month, as traders braced for US inflation data and its impact on further Federal Reserve rate hikes.
Economy 3 years ago
PREMIUM
Some win, some lose: Industries expect further rupiah drop
The decline in the rupiah’s exchange value has had a mixed impact on Indonesian businesses, with many expecting more pressure as input costs rise, while some stand to gain more revenue from customers paying in United States dollars.
Markets 3 years ago
Dollar up on euro as quarter ends, commodity-led currencies sink
The dollar rose against the euro on Friday but pared gains late in a session that was muddied by quarter-end trading while riskier commodity-led currencies fell sharply after European inflation hit a record high and US consumer spending increased faster than expected.
Companies 3 years ago
PREMIUM
SOEs to move away from US dollar debt, plan shorter-term debt
Indonesian state-owned enterprises (SOEs) are bracing for the impact of further US Federal Reserve interest rate hikes, which would make their financing more difficult and costly, prompting the government to find new options.
