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High-flying dollar slips in Asia

AP FILE PHOTO

The dollar retreated in Asia on Monday after surging last week on US Federal Reserve hints at higher-than-expected interest rates and Scotland’s decision not to break away from the United Kingdom.

Posted: September 22nd, 2014 in Latest Business Stories | Read More »

Dollar edges up amid speculation about US economy

AP FILE PHOTO

The dollar edged up on Monday as trading remained cautious amid speculation about the timing of an end to massive US stimulus plans.

Posted: September 2nd, 2013 in Latest Business Stories | Read More »

Dollar softens in Asia after weak Japan GDP

AP FILE PHOTO

The dollar retreated Monday morning as investor spirits were deflated by weaker-than-expected Japanese growth data, with markets now looking to key US economic figures this week.

Posted: August 12th, 2013 in Latest Business Stories | Read More »

Forex reserves rose to $82.9B in July

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Financial markets proved as fickle as ever as short-term investments fled the country in September, not because of a decline in investors’ confidence in the economy, but due to profit-taking by fund managers. AFP FILE PHOTO

The country’s foreign exchange reserves inched up in July due to the aggressive buying of dollars by the central bank to control fluctuations in the peso’s value.

Posted: August 8th, 2013 in Editor's Pick,Headlines | Read More »

Dollar firms in Asia after upbeat US data

Financial markets proved as fickle as ever as short-term investments fled the country in September, not because of a decline in investors’ confidence in the economy, but due to profit-taking by fund managers. AFP FILE PHOTO

The dollar firmed in Asian trade on Friday after data showed manufacturing activity beat expectations and rose to its highest level in two years.

Posted: August 2nd, 2013 in Latest Business Stories | Read More »

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