Dollar and yen rise as tech selloff sends investors to safety | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

SINGAPORE, Sept 9 — The dollar held its gains today, as a stockmarket slide spilled over into selling of riskier currencies and an oil slump weighed on commodity currencies, while fresh Brexit turmoil pushed the pound to a six-week low. The greenback sat by a one-month high against a basket of...

The greenback sat by a one-month high against a basket of rivals and edged up against the pound, euro and the kiwi. — Reuters pic

In early trade the safe-haven Japanese yen rose to a one-week peak of 105.83 per dollar as investors looked to jittery equity markets to set the tone. Some pressure came off riskier currencies as futures climbed off early session lows, with Nasdaq 100 futures turning positive to gain 0.2 per cent and S&P 500 futures last down 0.2 per cent.

A nearly 8 per cent drop in US crude prices has also weighed on oil exporters’ currencies, with the Canadian dollar hitting a three-week low of CUS$1.3256 per dollar and the Norwegian krone at its lowest since late July.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pound nears one-month dollar low on Brexit woes | Malay MailLONDON, Sept 8 — Sterling sank close to a one-month low against the dollar low today as investors fretted over heightened Brexit tensions before crunch trade talks between London and Brussels. In midday deals, the pound dropped more than 1.0 per cent versus the greenback to US$1.3022 (RM5.40) —...
Source: malaymail - 🏆 1. / 86 Read more »

Ringgit falls against US dollar for second consecutive day | Malay MailKUALA LUMPUR, Sept 8 — The ringgit ended lower against the US dollar for the second consecutive day today due to lack of fresh catalysts, said an analyst. At 6pm, the domestic unit stood at 4.1650/1700 against the greenback from yesterday’s close of 4.1550/1600. AxiCorp chief global market...
Source: malaymail - 🏆 1. / 86 Read more »

Dollar hangs on as traders turn to ECB; Brexit wobbles hit sterling | Malay MailSINGAPORE, Sept 8 — The dollar held on to small overnight gains today as investors weighed whether an accommodative turn from the European Central Bank later this week could hit the euro, while the pound nursed losses due to Brexit uncertainty. In thin holiday trade the greenback had edged 0.2...
Source: malaymail - 🏆 1. / 86 Read more »

Ringgit opens lower against US dollar | Malay MailKUALA LUMPUR, Sept 8 — The ringgit opened lower against the US dollar today as the greenback strengthened, supported by jobs data, which showed a decline in the unemployment rate, and a rise in US Treasury yields, dealers said. At 9.01am, the local currency was quoted at 4.1600/1700 against the...
Source: malaymail - 🏆 1. / 86 Read more »

Ringgit falls against US dollar at close | Malay MailKUALA LUMPUR, Sept 9 — The ringgit ended lower against the US dollar for the third consecutive day, ahead of Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting tomorrow. At 6pm, the domestic unit stood at 4.1700/1740 against the greenback from 4.1650/1700 yesterday. AxiCorp...
Source: malaymail - 🏆 1. / 86 Read more »

Ringgit slightly lower against US dollar | Malay MailKUALA LUMPUR, Sept 9 — The ringgit continued to open lower against the US dollar today due to a stronger greenback and amid fragile sentiment for the local note, an analyst said. At 9.05am, the local currency was quoted at 4.1700/1770 against the greenback from yesterday’s close of 4.1650/1700....
Source: malaymail - 🏆 1. / 86 Read more »