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| Friday, 17 May 2013 |
Currency
Market Commentaries
Team: Salyahrinah DP Hj Yahya, On Swee Long, Hiew Tzee Yin, Lai Jyh Yih and Syazwani Zaini
Telephone: 2233668 / 2241723 |
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Dollar strengthened drastically near 10 month highs against a basket of major currencies on speculation about the Fed’s possible exit from their stimulus programme. The Fed chief said that the Fed could begin easing up on stimulus this summer and end it late this year.
Sterling rose against dollar on growing expectations that the Bank of England (BOE) will hold rates steady for next couple of months whereas European Central Bank (ECB) is likely to ease policy to support a recession hit economy.
The Antipodeans were knocked down after being battered by hint that the US Federal Reserve’s loose monetary policy could start coming to an end late in the year.
Commodity Markets:
Gold 1,380.66 /oz
Brent Spot 104.61 /barrel
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and deposit rates used or provided are indicative only and subject to change
by the Bank at any time without notice. Data, information and news are
provided for informational purposes only and are not intended for trading
purposes. The Bank shall not be liable for any actions taken in reliance on
the data, information and news provided in this website.