SINGAPORE, Oct 10 ― The dollar softened today along with US interest rate expectations and a fall in Treasury yields as investors detected a slight dovish shift in Federal...
1MDB’s RM2.28b went through many banks overseas before coming back to Malaysia and into Najib’s accounts, Bank Negara analyst says
The euro was up 0.1 per cent in early Asia trade to US$1.0580 . The Israeli shekel steadied at 3.95 to the dollar, just off an almost eight-year low, after the central bank promised US$30 billion in foreign exchange selling. “If long-term interest rates remain elevated because of higher term premiums, there may be less need to raise the Fed funds rate,” said Dallas Fed president Lorie Logan ― a notable shift from previously hawkish rhetoric.
Ten-year Treasury yields, which have been zooming, dived more than 13 basis points to 4.63 per cent at the open in Tokyo today on both rates relief and a safe-haven bet after the cash market had shut for Columbus Day day.
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