LONDON, Oct 9 — The dollar edged lower today and was headed for a second consecutive week of losses as investors increased bets Joe Biden would win the US presidency and offer fiscal stimulus after the elections. Several Wall Street banks forecast some kind of stimulus package no matter which...
The dollar edged lower today and was headed for a second consecutive week of losses. — Reuters pic
Reuters/IPSOS polling this week put Biden, a Democrat, narrowly ahead of Republican President Donald Trump in five states — Wisconsin, Pennsylvania, Michigan, Florida and Arizona — that will play critical roles in deciding the victor. The dollar eased against a basket of currencies at 93.47 and it is down 0.4 per cent for the week. It fell 0.8 per cent last week. It reached a two-month high at 94.75 in late September.
The yuan was last up 1.2 per cent at 6.7112 per dollar in onshore trade and up half a percent to 6.7024 per dollar offshore.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
At Gettysburg, Biden promises to heal widening US divisions | Malay MailGETTYSBURG, Oct 7 ― Democratic presidential candidate Joe Biden traveled to the site of one of the bloodiest battles of the US Civil War yesterday, promising to put politics aside and try to heal the country's widening racial, political and economic divisions. Biden did not invoke the name of...
Read more »
Dollar holds ground as US stimulus delay weighs on sentiment | Malay MailTOKYO, Oct 7 — The dollar held gains against most currencies today after US President Donald Trump abruptly cancelled talks on economic stimulus with Democrat lawmakers, heightening demand for safe-haven assets. Currencies had only just regained a sense of calm after Trump returned to the White...
Read more »
Ringgit opens lower against US dollar | Malay MailKUALA LUMPUR, Oct 7 — The ringgit weakened in early trade against the US dollar today as demand for the US dollar as safe-haven returned, a dealer said. AxiCorp chief global market strategist Stephen Innes said the US dollar safe-haven demand will likely thwart any near-term bullish ambitions...
Read more »
Ringgit closes easier against US dollar | Malay MailKUALA LUMPUR, Oct 7 — The ringgit closed easier against the US dollar today, in line with the disappointing crude oil prices and decline in global stock markets. At 6pm, the local currency was traded at 4.1550/1600 versus the greenback compared with 4.1500/1570 at yesterday’s closing. OANDA...
Read more »
Trump calls Joe Biden ‘wacko’ | Malay MailWASHINGTON, Oct 7 — Donald Trump today labelled his opponent Joe Biden “a wacko,” as the president seeks to revive his re-election campaign in the face of weak polling data while he is confined to the White House to recover from Covid-19. “He’s been a wacko for years, and everyone knows...
Read more »
Singer Taylor Swift endorses Joe Biden for president | Malay MailWASHINGTON, Oct 8 ― Pop superstar Taylor Swift yesterday threw her support behind Joe Biden for president, telling her 200 million-plus social media orbit that the veteran Democrat will start a “healing process” in America. The singer-songwriter has lashed out before at President Donald...
Read more »