Forex News

The Japanese yen weakened against other major currencies in the European session on Wednesday, as European shares traded higher after Ukraine signaled its readiness to accept a U.S. proposal for an "immediate, interim 30-day ceasefire" with Russia, and the European Union announced retaliatory tariffs on U.S. imports of steel and aluminum. "A while ago, Ukraine has agreed to the ceasefire. Now we go to Russia and hopefully President Putin will agree to it also," U.S. President Trump said soon after the Jeddah announcement. In economic news, data from the Bank of Japan showed that the producer prices in Japan were flat on a seasonally adjusted monthly basis. That beat forecasts for a decline of 0.1 percent and was down from 0.3 percent...

The Japanese yen weakened against other major currencies in the European session on Wednesday. The yen fell to nearly a 1-1/2-month low of 162.06 against the euro and a 5-day low of 168.40 against the Swiss franc, from early highs of 161.58 and 167.37, respectively. Against the pound and the U.S. dollar, the yen slid to 6-day lows of 192.97 and 148.65 from early highs of 191.63 and 148.04, respectively. Against the Australia and the New Zealand dollars, the yen slipped to 5-day lows of 93.57 and 84.95 from early highs of 93.00 and 84.34, respectively. The yen dropped to a 2-day low of 102.93 against the Canadian dollar, from an early high of 102.39. If the yen extends its downtrend, it is likely to find support around 166.00...

Ringgit meneruskan pengukuhannya berbanding dolar Amerika Syarikat (AS) dalam sesi urus niaga awal Rabu ketika Indeks Dolar AS (DXY) jatuh kepada 103.419 mata daripada 103.900 mata sebelum ini. Perkembangan itu, kata penganalisis, dicatatkan walaupun data pekerjaan AS mengatasi jangkaan dengan lebih mengukuh. Pada 8 pagi, ringgit meningkat kepada 4.4095/4170 berbanding dolar AS daripada paras 4.4100/4175 pada akhir urus niaga semalam. Ketua Ahli Ekonomi Bank Muamalat Malaysia Bhd Dr Mohd Afzanizam Abdul Rashid berkata peluang pekerjaan AS yang positif dan mengatasi jangkaan iaitu 7.74 juta pada Januari 2025 berbanding anggaran konsensus sebanyak 7.6 juta turut membantu melonjakkan hasil Perbendaharaan AS dengan masing-masing bon dua...

The U.S. dollar weakened against its most major counterparts in the New York session on Tuesday. The greenback declined to a 5-month low of 1.0946 against the euro and more than a 4-month low of 1.2961 against the pound. The greenback retreated to 147.01 against the yen, from an early 4-day high of 148.12. This may be compared to an early more than 5-month low of 146.53. The greenback is poised to challenge support around 1.11 against the euro, 1.31 against the pound and 141.00 against the yen. https://www.rttnews.com/3520555/u-s-dollar-drops-against-most-majors.aspx?type=cm

The Canadian dollar extended decline against its major counterparts in the New York session on Tuesday, after U.S. President Donald Trump announced additional tariffs on steel and aluminum imports from Canada. Trump announced on Truth Social that he will increase tariffs on steel and aluminum products to 50% from 25% starting tomorrow. Trump's announcement was in response to Ontario's implementation of a 25% surcharge on electricity exported to U.S. Trump also threatened to impose further tariffs on car imports in April. The loonie fell to a 1-week low of 1.4521 against the greenback, near 5-year low of 1.5858 against the euro and near a 2-year low of 101.45 against the yen. The loonie retreated to 0.9106 against the aussie, from...

Kontrak niaga hadapan minyak sawit mentah (MSM) di Bursa Malaysia Derivatives ditutup lebih rendah apabila sentimen menjadi lemah berikutan kadar eksport yang lebih perlahan mengheret penurunan harga, kata peniaga. Peniaga minyak sawit David Ng berkata peserta pasaran akan memantau dengan teliti anggaran eksport dan prospek pengeluaran dalam beberapa minggu akan datang. "Ringgit yang mengukuh berbanding dolar AS juga menyumbang kepada sentimen yang lemah," katanya kepada Bernama. Dari segi perspektif teknikal, harga MSM mendapat paras sokongan pada RM4,400 setan dan paras rintangan pada RM4,680 setan. Pada penutup dagangan, kontrak Mac 2025 turun RM39 kepada RM4,737 setan, April 2025 meningkat RM17 kepada RM4,633 setan, dan Mei 2025...

Ringgit ditutup sedikit tinggi berbanding dolar Amerika Syarikat (AS) pada Selasa apabila pelabur kekal berhati-hati menjelang mesyuarat Jawatankuasa Pasaran Terbuka Rizab Persekutuan (FOMC) AS yang dijadualkan pada 19 Mac ini, kata penganalisis. Ketua Ahli Ekonomi Bank Muamalat Malaysia Bhd Dr Mohd Afzanizam Abdul Rashid berkata mesyuarat FOMC itu penting memandangkan peserta pasaran akan meneliti unjuran makroekonomi terkini, terutama Kadar Dana Persekutuan (FFR). Pada 6 petang, ringgit meningkat kepada 4.4100/4175 berbanding dolar AS daripada 4.4200/4235 ketika ditutup semalam. Beliau berkata kontrak niaga hadapan kadar faedah menunjukkan kemungkinan pengurangan kadar yang lebih tinggi pada Mei, Jun, Julai dan September, dengan...

Recession fears lingered even as world markets braced for key economic data from the U.S. The job openings data due on Tuesday, consumer price inflation reading due on Wednesday and the producer price inflation update scheduled for Thursday, all swayed world market sentiment. Wall Street Futures have edged up after massive losses on Monday. European benchmarks are trading on a mostly positive note. Asian markets finished trading on a predominantly negative note. The Dollar Index extended losses, lifting the euro to a 4-month high. Bond yields are trading in a mixed fashion. Crude oil prices jumped amidst reports that the U.S. was planning to cancel previously mandated sales from the Strategic Petroleum Reserve. Recession fears and...

The British pound strengthened against most major currencies in the European session on Tuesday. The pound rose to a 5-day high of 1.1410 against the Swiss franc, from an early low of 1.1302. Against the yen, the pound edged up to 190.91 from an early 1-week low of 188.80. The pound advanced to 1.2942 against the U.S. dollar, from an early low of 1.2873. If the pound extends its uptrend, it is likely to find resistance around 1.15 against the franc, 194.00 against the yen and 1.30 against the greenback. https://www.rttnews.com/3520396/pound-rises-against-most-majors.aspx?type=cm

The euro strengthened against other major currencies in the European session on Tuesday, as the European Union (EU) looks into methods to increase defense spending through joint borrowing, EU funding, and an increased role for the European Investment Bank (EIB), with a view to take important decisions by June. The ministers will talk about ways to alter EU budgetary regulations to allow for increased domestic spending held today. Discussions are currently about expanding the current definition of defense spending, which otherwise solely includes only military equipment. Meanwhile, many nations wish to amend the current regulations that do not consider building ammunition factories or bolstering roads and bridges to allow tanks to...

The euro strengthened against other major currencies in the European session on Tuesday. The euro rose to more than a 4-month high of 1.0905 against the U.S. dollar and a 1-1/2-month high of 0.8440 against the pound, from early lows of 1.0835 and 0.8416, respectively. Against the Swiss franc and the yen, the euro advanced to a 5-day high of 0.9598 and a 4-day high of 160.46 from early lows of 0.9520 and 158.98, respectively. If the euro extends its uptrend, it is likely to find resistance around 1.10 against the greenback, 0.86 against the pound, 0.97 against the franc and 163.00 against the yen. https://www.rttnews.com/3520325/euro-rises-against-majors.aspx?type=cm

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, amid increasing worries the U.S. is headed for a recession and concerns over the health of the world economy following the likely impact of President Donald Trump's tariffs and trade policies. Trump declined to rule out the possibility of a recession following his tariff actions on Mexico, Canada and China. He warned of imposing sweeping banking sanctions and tariffs in Russia until there is a ceasefire and peace agreement. Additionally, the United States raised its tariffs on Chinese imports from 10% to 20% last week, prompting China to impose retaliation tariffs of up to 15% on...

Ringgit dibuka tidak berubah berbanding dolar US dalam dagangan awal hari ini disebabkan pelabur mengambil sikap tunggu dan lihat berikutan keputusan Bank Negara Malaysia baru-baru ini untuk mengekalkan kadar faedah yang stabil. Pada jam pagi, mata wang tempatan pada 4.4200/4275 berbanding dolar US daripada 4.4200/4235 ketika ditutup semalam. Ketua Ekonomi Bank Islam Malaysia Bhd, Dr Mohd Afzanizam Abdul Rashid berkata carta teknikal masih menunjukkan bahawa dolar USD/MYR secara amnya neutral, menunjukkan bahawa ringgit boleh mengekalkan dagangan dalam julatnya. “Oleh itu, USD/MYR diunjurkan antara RM4.41 dan RM4.42 memandangkan pasaran menunggu data Indeks Harga Pengguna (IHP) Amerika Syarikat (AS) yang akan dikeluarkan malam esok...

The Canadian dollar declined against its most major counterparts in the New York session on Monday, as rising economic uncertainty and tariff concerns dampened sentiment. Traders are mulling over comments from U.S. President Donald Trump that the U.S. economy faced "a period of transition." In a Fox News interview that aired Sunday, Trump declined to rule out a recession this year, saying "There is a period of transition" that will eventually pay off for the economy. However, Trump's commerce secretary, Howard Lutnick, was more definitive and said "absolutely not" when asked whether Americans should brace for a downturn. The loonie fell to more than a 7-month low of 101.68 against the yen, more than 4-year low of 1.5666 against...

The Swiss franc fell against its major counterparts in the New York session on Monday. The franc fell to 0.9556 against the euro, 1.1384 against the pound and 0.8819 against the greenback, from an early 5-day high of 0.9490, 6-day high of 1.1304 and a 3-month high of 0.8758, respectively. The franc dropped to a 4-day low of 166.90 against the yen. The currency may challenge support around 0.98 against the euro, 1.15 against the pound, 0.90 against the greenback and 162.00 against the yen. https://www.rttnews.com/3520147/swiss-franc-drops-against-majors.aspx?type=cm

The U.S. dollar tumbled against major currencies during the week ended March 7 amidst an extended sell-off on Wall Street triggered by the escalation in the trade war and a weak labor market update. The greenback inter alia plunged against the euro, the British pound, the Australian dollar and the Japanese yen. The Dollar Index, which measures the U.S. Dollar's strength against a basket of 6 currencies, also recorded a massive plunge to four-month lows. Anxiety about the effects of the tariffs on economic growth and inflation in the U.S. weighed heavily on sentiment. The Dollar Index, a measure of the Dollar's strength against a basket of currencies comprising the euro, the British pound, the Japanese yen, the Canadian Dollar, the...

Niaga hadapan minyak sawit mentah (MSM) di Bursa Malaysia Derivatif ditutup rendah hari ini berikutan kadar eksport yang lebih lemah, kata peniaga minyak sawit David Ng. Beliau berkata paras saham yang lebih tinggi daripada jangkaan di negara ini dan harga minyak kacang soya yang lemah turut menyumbang kepada penurunan harga. "Kami melihat harga disokong pada paras RM4,450 setiap tan dan paras rintangan pada RM4,700 setiap tan," kata Ng kepada Bernama. Terdahulu hari ini, Lembaga Minyak Sawit Malaysia (MPOB) melaporkan eksport minyak sawit Malaysia pada Februari 2025 susut sebanyak 16.27 peratus kepada satu juta tan daripada 1.19 juta tan pada Januari 2025. Dalam laporan prestasi industri Februari 2025, MPOB berkata pengeluaran MSM...

Concerns about the uncertain trade tariff environment impacting economic growth and prices in the U.S. weighed on market sentiment. Anxiety ahead of the looming inflation data updates from the U.S. later in the week also dragged down market sentiment. Wall Street Futures are trading deep in the red as recession fears reemerged. European benchmarks are also trading with heavy losses. Asian markets finished trading on a mixed note. The Dollar Index declined further, in particular against the safe haven currencies viz Japanese yen and Swiss franc. Bond yields mostly eased. Crude oil prices recorded mild gains. Gold is trading close to the flatline. Cryptocurrencies declined. Here is a snapshot of the major world markets at this hour...

Kadar antara bank jangka pendek ditutup stabil hari ini berikutan operasi Bank Negara Malaysia (BNM) menyerap lebihan mudah tunai daripada sistem kewangan. Mudah tunai sistem konvensional menokok kepada RM27.70 bilion daripada RM11.69 bilion pada pagi, manakala mudah tunai dana Islam menyusut kepada RM24.20 bilion berbanding RM28.01 bilion sebelumnya. Awal hari ini, bank pusat menawarkan tiga tender repo berbalik dan tender repo berbalik semalaman. BNM turut menyemak semula tender semalaman konvensional daripada RM26 bilion kepada RM27.70 bilion. Bank pusat mengumumkan ketersediaan repo berbalik, perjanjian jual dan beli semula, dan kemudahan Murabahah Komoditi Bercagar dengan tempoh seminggu, sebulan dan tiga bulan. Pada 4 petang...

The Japanese yen strengthened against other major currencies in the European session on Monday, as the investor sentiment fell on lingering tariff worries, the threat of a U.S. recession and signs of deepening deflationary pressures in China. China's consumer price index dropped in February at the fastest rate in 13 months, according to data released on Sunday, while producer price deflation continued for the 30th consecutive month. At the beginning of the week-long National People's Congress conference, which ends Tuesday, Beijing promised additional stimulus to increase consumption and promote artificial intelligence innovation. Concerns about U.S. tariffs and its impact on the economy, also led to the downturn of investor...