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Economy

NZ dollar down to 2-week low as RBNZ says exchange rate needs to fall, shares rise as rates held

As expected, the RBNZ has left the official cash rate unchanged at 1.75% at the policy decision on Thursday. Feb 9, 2017

Australian army apologises to Indonesian military for offensive training material

The Indonesian side has accepted the apology but not announced a resumption of the suspended military cooperation yet. Feb 9, 2017

Malaysian ringgit falls to 2-week low as trade surplus narrows, oil prices slide

The ringgit that rallied 1.3% in January is down 0.4% so far this week. Feb 8, 2017

Singapore marks down annual job creation outlook; says there is a new normal

Ministry of manpower said on Monday that job vacancies rebounded after six straight quarters of declines. Feb 8, 2017

Singapore annual jobs growth to 'stabilise' at levels far below previous years: Lim Swee Say

The job addition will be not more than 25,000 to 40,000 in the next three to five years, the Manpower Minister said. Feb 8, 2017

AECOM to design Singapore-Kuala Lumpur HSR: LTA

The estimated delivery date for the S$24.6 million worth contract is Oct 1, 2018. Feb 8, 2017

Asia stocks higher tracking Wall Street gains, Singapore dollar down

Technically, the Singapore dollar could fall back to a multi-year low in a few weeks if the US currency keeps its momentum. Feb 8, 2017

Euro, loonie major losers, yen, kiwi gainers as dollar stabilises

Euro is headed south for 14-year low, yen north to 100/dollar if trends remain. Feb 7, 2017

Australian dollar rises after RBA policy, at 21-month high vs euro

The RBA left policy rates unchanged but said that inflation will pick up during this year. Feb 7, 2017

New Zealand dollar rallies to 5-month high on inflation expectations ahead of RBNZ meet

Analysts now predict a rate hike in 2018 though the central bank had forecast to keep rates until end of 2019. Feb 7, 2017

Canadian dollar down ahead of trade, PMI data as Trump's NAFTA comments weigh

If traders prefer to bet more on the loonie downside, USD/CAD can soon rise to levels above 1.3500 from the current 1.30 region. Feb 7, 2017

Gold up to 12-week high as slow wage inflation reduces Fed hike chances, palladium near 6-year peak

Silver and platinum too are trading near multi-month highs. Feb 6, 2017

Euro falls most among majors amid mixed cues from Germany, EUR/USD parity back in focus

Technically, the euro is more poised to the downside rather than the upside despite a slight uptrend in place since January. Feb 6, 2017

Aussie dollar off 12-week high vs greenback as retail sales data disappoints, NZD up

Retail sales in Australia unexpectedly fell 0.1% month-on-month in December when analysts had been expecting a 0.3% gain. Feb 6, 2017

Indonesian rupiah in tight range vs USD ahead of Q4 GDP data, Trump concerns remain

USD/IDR slipped to 13,335 on Friday from the previous close of 13,398, and the gain in the rupiah was well within the 13,200-13,450 per dollar range, in place since January. Feb 5, 2017
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