The Singapore dollar touched an all-time high of 1.2891 against the US dollar on Thursday morning in Asia following the Monetary Authority of Singapore surprisingly decided to tighten its monetary policy by keeping its currency higher at a “slightly” faster pace to curb inflation. The Monetary Authority of Singapore said the slope of the policy
Thursday in Asia, the U.S. dollar plummeted against other major currencies on increasing expectations that the Federal Reserve will conduct further monetary easing soon to boost the economy. The dollar slumped to a fresh 15-year low against the yen, new record low against the franc, more than a 2-year low against the NZ dollar, 5-1/2-month
The New Zealand dollar weakened against most of its major rivals on Tuesday morning in Asia as a decline in Asian stocks prompted risk averse traders to flee from higher-yielding currencies. The kiwi fell to a 4-day low against the currencies of the U.S. and Japan. As of 11:50 pm ET, the New Zealand’s NZX-50
The dollar dropped to yet another 15-year low versus the yen and failed to fight back in a meaningful way against other majors on Friday, as the US economy hemorrhaged jobs in September. While there remains little doubt that the Federal Reserve is ready to crank up the printing press to support the economy, traders
The dollar steadied after steep declines versus the euro and sterling on Thursday, but failed to recover staggering recent losses against a number of major counterparts, including the yen. Relatively encouraging jobless claims data gave the dollar a bit of support versus the euro and sterling. Earlier, the dollar plunged to record lows against the
