currencies

The USD gained 0.6% on the risk-sensitive AUD while JPY rose more than 1% on the AUD.

A looming credit crunch was evident even before the Covid-19 pandemic. In December 2019, a report from Robert Triffin International noted that every metric of dollar exposure outside the US was flashing red.

SINGAPORE (July 12): Some 75 years ago, the Bretton Woods agreement was signed, making the US dollar the world’s reserve currency. But now, there is talk of an alternative: China’s renminbi.

SINGAPORE (Dec 18): Money remitter Western Union today announced the launch of its mobile app in Singapore – making it the third destination in Asia, after Hong Kong and Malaysia, where the app can be used for Western Union transactions.

SINGAPORE (Oct 4): At its last meeting in September, the US Federal Reserve hiked rates by 25bps and warned that rate increases are likely to persist well into next year.

SINGAPORE (Aug 15): RHB Research is downgrading its call on Food Empire to “neutral” from “buy” while lowering its target price on the stock to 60 cents from $1.07 previously to reflect a lower target P/E of 14 times as a result of lower valuation

SAO PAOLO/NEW YORK(June 29): A dark quarter for emerging-market bulls is nearing an end, and it’s not clear whether things will get much brighter down the road, especially in the near-term.

SINGAPORE (Jan 30): NRA Capital likes LY Corporation, the original design manufacturer of wooden bedroom furniture, for what it sees as a positive mix of growth and dividend plans to come.

WASHINGTON/FRANKFURT (Dec 15): Central bankers are gingerly trying to take away the punch bowl without interrupting the party.

SINGAPORE (Sept 22): The US Federal Reserve announced on Sept 20 that it would start reducing the size of its US$4.5 trillion ($6.1 trillion) balance sheet next month. It also stuck with its forecast to raise the federal funds rate again this year, citing