Press releases about business, cryptocurrency, fintech and more news in Hong Kong and Asia

Greenback’s unrelenting strength, renminbi weakness may test Singdollar’s resilience

SINGAPORE – The Singapore dollar has outperformed most of its Asian and global peers this year, but its fate is still tied to what happens to the currencies of the United States and China, the world’s two largest economies. If the US dollar continues to rise, it will eventually tighten financial conditions worldwide, stifling demand […]

Greenback’s unrelenting strength, yuan weakness may test Singdollar’s resilience

SINGAPORE – The Singapore dollar has outperformed most of its Asian and global peers this year, but its fate is still tied to what happens to the currencies of the United States and China,the world’s two largest economies. If the US dollar continues to rise, it will eventually tighten financial conditions worldwide, stifling demand for […]

Pound recovers after fall against US dollar on news of death of Queen Elizabeth

NEW YORK/LONDON – The pound recovered after falling against the US dollar overnight in choppy trading after Queen Elizabeth II, Britain’s longest-reigning monarch and the nation’s figurehead for seven decades, died. The pound was trading up 0.6 per cent at US$1.1578. It dropped as low as US$1.1488 following the news of the British monarch’s death. The […]

Wall Street tells clients Singapore dollar is top trade in Asia

SINGAPORE – Singapore’s dollar is emerging as the top bet for Wall Street’s biggest banks as wagers that the central bank will extend policy tightening bolsters demand for South-east Asia’s top-performing currency. Goldman Sachs Group favours the Singdollar the most among Asian currencies, along with Thailand’s baht. Citigroup recommends buying the currency on dips, while […]