Brent crude hits new 2017 high above $58 as bulls see more oil gains ahead
Brent crude oil hit a new 2017 high, as U.S. crude topped $51 a barrel for the first time in four months.
The market expects oil producers to extend a deal to limit output as demand forecasts rise.
Hedge funds raised their bets that oil prices will rise, figures from the CFTC show.

Brent crude hits new 2017 high above $58 as bulls see more oil gains ahead
Brent crude oil hit a new 2017 high, as U.S. crude topped $51 a barrel for the first time in four months.
The market expects oil producers to extend a deal to limit output as demand forecasts rise.
Hedge funds raised their bets that oil prices will rise, figures from the CFTC show.

AFP/Getty Images
Oil ended slightly higher on Friday, with prices extending a streak of weekly gains, as major oil producers at an OPEC-led committee meeting boasted record compliance with their production-cut agreement, but, as expected, reached no decision to extend the agreement.

U.S. benchmark, November West Texas Intermediate crude US:CLV7 added 11 cents, or 0.2%, to settle at $50.66 a barrel on the New York Mercantile Exchange, with the contract settling at a roughly four-month high, according to FactSet data. For the week, the November contract gained 0.4%, while prices tracking the front-month contracts were up 1.5%. Oil also tallied third-straight weekly climb.


Meanwhile, November Brent crude LCOX7, +0.83% the global benchmark, added 43 cents, or 0.8%, to $56.86 a barrel on the ICE Futures Europe exchange. The contract gained about 2.2% for the week, its fourth-consecutive weekly climb.

On Friday, the Joint OPEC-Non-OPEC Ministerial Monitoring Committee, or JMMC, which includes Organization of the Petroleum Exporting Countries members Algeria, Kuwait and Venezuela as well as non-OPEC Russia, announced in a news release that the countries participating in a production-cut agreement reached record monthly compliance with the pact.

Time
Crude Oil - Electronic Nov 2017
24 Aug
30 Aug
5 Sep
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US:CLX7$46$47$48$49$50$51
Under the agreement, OPEC, along with several producers outside the cartel, said they would eliminate about 2% of the global oil supply through March 2018. There has also been speculation recently that producers are considering a further extension of the deal to the end of next year.

The producers reached a conformity level of 116% in August, the committee said Friday. Compliance was at 94% in July.

Brent climb to $56.86/barrel

Brent uptrend to $56 and above.

[SHANGHAI] China's yuan firmed against the US dollar on Wednesday as companies sold dollars to take profits on recent gains and square positions ahead of a Federal Reserve policy decision later in the session.

The Fed is widely expected to announce that it will start paring its balance sheet, with the reductions seen likely to start this year.

It is expected to keep rates on hold, but investors will be watching for fresh hints on the chances of another rate rise this year and how many could be expected in 2018.

decision
WED, SEP 20, 2017 - 1:02 PM
[SHANGHAI] China's yuan firmed against the US dollar on Wednesday as companies sold dollars to take profits on recent gains and square positions ahead of a Federal Reserve policy decision later in the session.

The Fed is widely expected to announce that it will start paring its balance sheet, with the reductions seen likely to start this year.

It is expected to keep rates on hold, but investors will be watching for fresh hints on the chances of another rate rise this year and how many could be expected in 2018.

decision
WED, SEP 20, 2017 - 1:02 PM
[SHANGHAI] China's yuan firmed against the US dollar on Wednesday as companies sold dollars to take profits on recent gains and square positions ahead of a Federal Reserve policy decision later in the session.

The Fed is widely expected to announce that it will start paring its balance sheet, with the reductions seen likely to start this year.

It is expected to keep rates on hold, but investors will be watching for fresh hints on the chances of another rate rise this year and how many could be expected in 2018.

decision
WED, SEP 20, 2017 - 1:02 PM
[SHANGHAI] China's yuan firmed against the US dollar on Wednesday as companies sold dollars to take profits on recent gains and square positions ahead of a Federal Reserve policy decision later in the session.

The Fed is widely expected to announce that it will start paring its balance sheet, with the reductions seen likely to start this year.

It is expected to keep rates on hold, but investors will be watching for fresh hints on the chances of another rate rise this year and how many could be expected in 2018.

Australian dollar pushed higher by US dollar weakness
By business reporter Michael Janda
Updated about 3 hours ago

Australian dollar sits on top of US currency
PHOTO: The Australian dollar has been sitting around the 80 US cent level for about two months. (Giulio Saggin: ABC News)
RELATED STORY: Onwards and upwards for the Aussie dollar … or maybe not
MAP: Australia
If you follow the financial news, you'd have heard or read a lot recently about a surging or stubbornly high Australian dollar.

After touching lows below 70 US cents during the commodity crash of 2015, the Aussie has been on a steady course higher against the US dollar, or greenback.

The first phase of that recovery was intimately linked with the bounce back in iron ore and coal prices that has lifted Australia's export prices and finally boosted national incomes — incomes that had been falling since the last, and biggest, commodity boom topped out in 2012.

Australian dollar pushed higher by US dollar weakness
By business reporter Michael Janda
Updated about 3 hours ago

Australian dollar sits on top of US currency
PHOTO: The Australian dollar has been sitting around the 80 US cent level for about two months. (Giulio Saggin: ABC News)
RELATED STORY: Onwards and upwards for the Aussie dollar … or maybe not
MAP: Australia
If you follow the financial news, you'd have heard or read a lot recently about a surging or stubbornly high Australian dollar.

After touching lows below 70 US cents during the commodity crash of 2015, the Aussie has been on a steady course higher against the US dollar, or greenback.

The first phase of that recovery was intimately linked with the bounce back in iron ore and coal prices that has lifted Australia's export prices and finally boosted national incomes — incomes that had been falling since the last, and biggest, commodity boom topped out in 2012.

Russian seaports
Published time: 19 Sep 2017 | 13:41 GMT
Novorossiysk commercial sea port © Vladimir Astapkovich
Sputnik /
Russian President Vladimir Putin has instructed the government to approve legislation making the ruble the main currency of exchange at all Russian seaports by next year, according to the Kremlin website.

To protect the interests of stevedoring companies with foreign currency obligations, the government was instructed to set a transition period before switching to ruble settlements.

According to the head of Russian antitrust watchdog FAS Igor Artemyev, many services in Russian seaports are still priced in US dollars, even though such ports are state-owned.

The proposal to switch port tariffs to rubles was first proposed by the president a year and a half ago. The idea was not embraced by large transport companies, which would like to keep revenues in dollars and other foreign currencies because of fluctuations in the ruble.

Artemyev said the decision will force foreigners to buy Russian currency, which is good for the ruble.

In 2016, his agency filed several lawsuits against the largest Russian port group NMTP. According to FAS, the group of companies set tariffs for transshipment in dollars and raised tariffs from January 2015 "without objective grounds."

The watchdog ruled that NMTP abused its dominant position in the market and imposed a 9.74 billion rubles fine, or about $165 million at the current exchange rate. The decision was overturned by a court in Moscow in July this year.

Russian seaports
Published time: 19 Sep 2017 | 13:41 GMT
Novorossiysk commercial sea port © Vladimir Astapkovich
Sputnik /
Russian President Vladimir Putin has instructed the government to approve legislation making the ruble the main currency of exchange at all Russian seaports by next year, according to the Kremlin website.

To protect the interests of stevedoring companies with foreign currency obligations, the government was instructed to set a transition period before switching to ruble settlements.

According to the head of Russian antitrust watchdog FAS Igor Artemyev, many services in Russian seaports are still priced in US dollars, even though such ports are state-owned.

The proposal to switch port tariffs to rubles was first proposed by the president a year and a half ago. The idea was not embraced by large transport companies, which would like to keep revenues in dollars and other foreign currencies because of fluctuations in the ruble.

Artemyev said the decision will force foreigners to buy Russian currency, which is good for the ruble.

In 2016, his agency filed several lawsuits against the largest Russian port group NMTP. According to FAS, the group of companies set tariffs for transshipment in dollars and raised tariffs from January 2015 "without objective grounds."

The watchdog ruled that NMTP abused its dominant position in the market and imposed a 9.74 billion rubles fine, or about $165 million at the current exchange rate. The decision was overturned by a court in Moscow in July this year.

BRUSSELS (Alliance News) - The US dollar weakened against other major currencies in the Asian session on Wednesday.

The US dollar fell to a 9-day low of 1.2019 against the euro, from yesterday's closing value of 1.1994.

Against the pound, the yen and the Swiss franc, the greenback dropped to 1.3531, 111.45 abd 0.9604 from yesterday's closing quotes of 1.3511, 111.59 and 0.9626, respectively.

If the greenback extends its downtrend, it is likely to find support around 1.21 against the euro, 1.36 against the pound, 109.00 against the yen and 0.94 against the franc.

BRUSSELS (Alliance News) - The US dollar weakened against other major currencies in the Asian session on Wednesday.

The US dollar fell to a 9-day low of 1.2019 against the euro, from yesterday's closing value of 1.1994.

Against the pound, the yen and the Swiss franc, the greenback dropped to 1.3531, 111.45 abd 0.9604 from yesterday's closing quotes of 1.3511, 111.59 and 0.9626, respectively.

If the greenback extends its downtrend, it is likely to find support around 1.21 against the euro, 1.36 against the pound, 109.00 against the yen and 0.94 against the franc.

While there was relief the weekend passed with no new provocation by North Korea, Pyongyang's nuclear ambitions will be centre stage when US President Donald Trump addresses world leaders at the United Nations on Tuesday.

Some detail of Trump's tax plans may also emerge this week, while elections in Germany and New Zealand will add extra political uncertainty to the mix.

While there was relief the weekend passed with no new provocation by North Korea, Pyongyang's nuclear ambitions will be centre stage when US President Donald Trump addresses world leaders at the United Nations on Tuesday.

Some detail of Trump's tax plans may also emerge this week, while elections in Germany and New Zealand will add extra political uncertainty to the mix.

Brent stay at $55 level and above.

Brent stay at $55 level and above.

Brent now stay at $55 and above.

Navy vessels are moored in port at the U.S. Naval Base, Guam CREDIT: REUTERS

Julian Ryall
15 SEPTEMBER 2017 • 6:03AM
North Korea's launch of a ballistic missile that flew more than 2,300 miles before falling into the Pacific Ocean is a "clear and unequivocal" message to the United States that Pyongyang has the ability to strike Guam.

The distance from Pyongyang to Guam is a little over 2,100 miles and North Korea identified it as a target in early August, threatening to launch four Hwasong-12 intermediate-range ballistic missiles into waters close to the island.

The intention, according to analysts, was to demonstrate that Pyongyang would have no compunction in the event of war from targeting the resort island in order to interrupt air attacks on the North as well as efforts to reinforce ground forces on the Korean Peninsula.

Navy vessels are moored in port at the U.S. Naval Base, Guam CREDIT: REUTERS

Julian Ryall
15 SEPTEMBER 2017 • 6:03AM
North Korea's launch of a ballistic missile that flew more than 2,300 miles before falling into the Pacific Ocean is a "clear and unequivocal" message to the United States that Pyongyang has the ability to strike Guam.

The distance from Pyongyang to Guam is a little over 2,100 miles and North Korea identified it as a target in early August, threatening to launch four Hwasong-12 intermediate-range ballistic missiles into waters close to the island.

The intention, according to analysts, was to demonstrate that Pyongyang would have no compunction in the event of war from targeting the resort island in order to interrupt air attacks on the North as well as efforts to reinforce ground forces on the Korean Peninsula.

Navy vessels are moored in port at the U.S. Naval Base, Guam CREDIT: REUTERS

Julian Ryall
15 SEPTEMBER 2017 • 6:03AM
North Korea's launch of a ballistic missile that flew more than 2,300 miles before falling into the Pacific Ocean is a "clear and unequivocal" message to the United States that Pyongyang has the ability to strike Guam.

The distance from Pyongyang to Guam is a little over 2,100 miles and North Korea identified it as a target in early August, threatening to launch four Hwasong-12 intermediate-range ballistic missiles into waters close to the island.

The intention, according to analysts, was to demonstrate that Pyongyang would have no compunction in the event of war from targeting the resort island in order to interrupt air attacks on the North as well as efforts to reinforce ground forces on the Korean Peninsula.

Navy vessels are moored in port at the U.S. Naval Base, Guam CREDIT: REUTERS

Julian Ryall
15 SEPTEMBER 2017 • 6:03AM
North Korea's launch of a ballistic missile that flew more than 2,300 miles before falling into the Pacific Ocean is a "clear and unequivocal" message to the United States that Pyongyang has the ability to strike Guam.

The distance from Pyongyang to Guam is a little over 2,100 miles and North Korea identified it as a target in early August, threatening to launch four Hwasong-12 intermediate-range ballistic missiles into waters close to the island.

The intention, according to analysts, was to demonstrate that Pyongyang would have no compunction in the event of war from targeting the resort island in order to interrupt air attacks on the North as well as efforts to reinforce ground forces on the Korean Peninsula.

North Korea fires second ballistic missile over Japan
55 minutes ago

People in Seoul watch a news report about the missile launch (15 Sept 2017)Image copyrightAFP
North Korea has fired a ballistic missile across Japan, its second such provocative move in weeks.
South Korea's military said the missile reached an estimated altitude of about 770km (478 miles) and travelled 3,700km before landing in the sea off Hokkaido.
Japan's PM Shinzo Abe said his country would "never tolerate" North Korea's dangerous actions.
"If North Korea continues to walk down this path, it has no bright future," he said in a statement.

North Korea fires second ballistic missile over Japan
50 minutes ago

People in Seoul watch a news report about the missile launch (15 Sept 2017)Image copyrightAFP
North Korea has fired a ballistic missile across Japan, its second such provocative move in weeks.
South Korea's military said the missile reached an estimated altitude of about 770km (478 miles) and travelled 3,700km before landing in the sea off Hokkaido.
Japan's PM Shinzo Abe said his country would "never tolerate" North Korea's dangerous actions.
"If North Korea continues to walk down this path, it has no bright future," he said in a statement.

North Korea fires second ballistic missile over Japan
50 minutes ago
From the section Asia Share this with Facebook Share this with Twitter Share this with Messenger Share this with Email Share
People in Seoul watch a news report about the missile launch (15 Sept 2017)Image copyrightAFP
North Korea has fired a ballistic missile across Japan, its second such provocative move in weeks.
South Korea's military said the missile reached an estimated altitude of about 770km (478 miles) and travelled 3,700km before landing in the sea off Hokkaido.
Japan's PM Shinzo Abe said his country would "never tolerate" North Korea's dangerous actions.
"If North Korea continues to walk down this path, it has no bright future," he said in a statement.

China Prepares Sale of $2 Billion in U.S.-Dollar Bonds


The government is preparing to sell $2 billion in bonds this month, and investment banks are pitching for a role in the deal, according to bankers in Hong Kong.

While the planned sale isn't large and is mostly symbolic, it would be China's biggest-ever U.S.-dollar bond sale and its first since October 2004, when the country raised a total of about $1.7 billion from selling dollar- and euro-denominated bonds that matured in five and 10 years.

China's Ministry of Finance didn't immediately respond to requests for comment.

China has about $200 million in outstanding U.S.-dollar sovereign-debt issues that it is scheduled to pay off in 2027 and 2096, and those bonds yield about 3.3% and 4% respectively, according to research firm CreditSights. The country issued several global bonds in the 1990s, including a 100-year $100 million bond in 1996 with a 9% coupon.

China Prepares Sale of $2 Billion in U.S.-Dollar Bonds


The government is preparing to sell $2 billion in bonds this month, and investment banks are pitching for a role in the deal, according to bankers in Hong Kong.

While the planned sale isn't large and is mostly symbolic, it would be China's biggest-ever U.S.-dollar bond sale and its first since October 2004, when the country raised a total of about $1.7 billion from selling dollar- and euro-denominated bonds that matured in five and 10 years.

China's Ministry of Finance didn't immediately respond to requests for comment.

China has about $200 million in outstanding U.S.-dollar sovereign-debt issues that it is scheduled to pay off in 2027 and 2096, and those bonds yield about 3.3% and 4% respectively, according to research firm CreditSights. The country issued several global bonds in the 1990s, including a 100-year $100 million bond in 1996 with a 9% coupon.

China Prepares Sale of $2 Billion in U.S.-Dollar Bonds



The government is preparing to sell $2 billion in bonds this month, and investment banks are pitching for a role in the deal, according to bankers in Hong Kong.

While the planned sale isn't large and is mostly symbolic, it would be China's biggest-ever U.S.-dollar bond sale and its first since October 2004, when the country raised a total of about $1.7 billion from selling dollar- and euro-denominated bonds that matured in five and 10 years.

China's Ministry of Finance didn't immediately respond to requests for comment.

China has about $200 million in outstanding U.S.-dollar sovereign-debt issues that it is scheduled to pay off in 2027 and 2096, and those bonds yield about 3.3% and 4% respectively, according to research firm CreditSights. The country issued several global bonds in the 1990s, including a 100-year $100 million bond in 1996 with a 9% coupon.

Brent up warded $55/barrel and above.

Brent upward to $55 and above.

Brent reached $55 and above.

KUALA LUMPUR: The ringgit is expected to continue to strengthen against the US dollar, with an economist predicting it may even hit RM4 to a US dollar at the end of the year.
The optimism is based on the good growth in trade and the gross domestic product (GDP). The economy achieved a 5.8% growth in April-June.
The Malaysian Reserve quoted Sunway University Business School economics Professor Dr Yeah Kim Leng as saying: “The ringgit has been trading higher these days due to the above-expectations performance of Malaysia’s economy, including the growth in trade and GDP.
“Since we have already reached RM4.19 in early September, I would say that it is possible for the ringgit to reach around RM4.10 to RM4 in December.”

KUALA LUMPUR: The ringgit is expected to continue to strengthen against the US dollar, with an economist predicting it may even hit RM4 to a US dollar at the end of the year.
The optimism is based on the good growth in trade and the gross domestic product (GDP). The economy achieved a 5.8% growth in April-June.
The Malaysian Reserve quoted Sunway University Business School economics Professor Dr Yeah Kim Leng as saying: “The ringgit has been trading higher these days due to the above-expectations performance of Malaysia’s economy, including the growth in trade and GDP.
“Since we have already reached RM4.19 in early September, I would say that it is possible for the ringgit to reach around RM4.10 to RM4 in December.”

KUALA LUMPUR: The ringgit is expected to continue to strengthen against the US dollar, with an economist predicting it may even hit RM4 to a US dollar at the end of the year.
The optimism is based on the good growth in trade and the gross domestic product (GDP). The economy achieved a 5.8% growth in April-June.
The Malaysian Reserve quoted Sunway University Business School economics Professor Dr Yeah Kim Leng as saying: “The ringgit has been trading higher these days due to the above-expectations performance of Malaysia’s economy, including the growth in trade and GDP.
“Since we have already reached RM4.19 in early September, I would say that it is possible for the ringgit to reach around RM4.10 to RM4 in December.”

image: http://www.thestar.com.my/~/media/online/2016/12/19/02/14/ringgit-dec15.ashx/?w=620&h=413&crop=1&hash=E7F62D61716F93AE1B19E58FB7073315790FFC9B


KUALA LUMPUR: AmInvestment Research is maintaining its positive view on the ringgit due to six factors which include the stronger economic growth, healthy inflow of foreign funds into the equities market and easing inflation pressure.

It said on Tuesday its positive outlook was firstly, the better-than-expected 1Q and 2Q GDP growth of 5.5% and 5.8%.

The higher GDP growth has prompted it to revise upwards its full year 2017 GDP to between 5.7% and 5.9% supported by strong exports and complement with domestic activities;

Secondly, it also noted the healthy inflow of funds into the equity market with net inflow year-to-date around RM10.7bil after registering net outflow for three consecutive years while foreign holdings in Malaysian Government Securities (MGS) at 40.32% which is equivalent to RM150.9bil.

Thirdly, it expects inflation pressure to ease in 2H2017 to average around 3.0%-3.3% from 4.1% in 1H2017 bringing the full year average to around 3.5%-3.7% as a result of lower cost push pressures with a more stable fuel price.

Fourthly, the research house envisages the current negative real returns could potentially fade away with the Overnight Policy Rate expected to stay unchanged at 3% as inflation pressure eases.

“Still we maintain a 45% chance for a rate hike by 25bps in 4Q2017 should demand pull inflation picks up strongly while supporting GDP,” it said.

Fifthly, the onshore sentiments on the ringgit has improved supported with strong external reserves which has surpassed the US$100bil mark, now is at US$100.5bil.

As for the sixth factor, it expects the continued weakening pressure on the US dollar index (DXY) index due to the ongoing sentiments in the US. We expect the DXY index to be around 90-91 in 2017.

The DXY is an index (or measure) of the value of the dollar relative to a basket of foreign currencies.

“From our estimates, it shows more room for the ringgit to strengthen. Our fair value for the ringgit is around 3.95 against the US$. However, our year-end target for ringgit is 4.12 while our full year average is 4.31.to 4.33,” it said.

Read more at http://www.thestar.com.my/business/business-news/2017/09/12/aminvestment-research-positive-on-ringgit/#EkGfT9D409C5XpSc.99

image: http://www.thestar.com.my/~/media/online/2016/12/19/02/14/ringgit-dec15.ashx/?w=620&h=413&crop=1&hash=E7F62D61716F93AE1B19E58FB7073315790FFC9B


KUALA LUMPUR: AmInvestment Research is maintaining its positive view on the ringgit due to six factors which include the stronger economic growth, healthy inflow of foreign funds into the equities market and easing inflation pressure.

It said on Tuesday its positive outlook was firstly, the better-than-expected 1Q and 2Q GDP growth of 5.5% and 5.8%.

The higher GDP growth has prompted it to revise upwards its full year 2017 GDP to between 5.7% and 5.9% supported by strong exports and complement with domestic activities;

Secondly, it also noted the healthy inflow of funds into the equity market with net inflow year-to-date around RM10.7bil after registering net outflow for three consecutive years while foreign holdings in Malaysian Government Securities (MGS) at 40.32% which is equivalent to RM150.9bil.

Thirdly, it expects inflation pressure to ease in 2H2017 to average around 3.0%-3.3% from 4.1% in 1H2017 bringing the full year average to around 3.5%-3.7% as a result of lower cost push pressures with a more stable fuel price.

Fourthly, the research house envisages the current negative real returns could potentially fade away with the Overnight Policy Rate expected to stay unchanged at 3% as inflation pressure eases.

“Still we maintain a 45% chance for a rate hike by 25bps in 4Q2017 should demand pull inflation picks up strongly while supporting GDP,” it said.

Fifthly, the onshore sentiments on the ringgit has improved supported with strong external reserves which has surpassed the US$100bil mark, now is at US$100.5bil.

As for the sixth factor, it expects the continued weakening pressure on the US dollar index (DXY) index due to the ongoing sentiments in the US. We expect the DXY index to be around 90-91 in 2017.

The DXY is an index (or measure) of the value of the dollar relative to a basket of foreign currencies.

“From our estimates, it shows more room for the ringgit to strengthen. Our fair value for the ringgit is around 3.95 against the US$. However, our year-end target for ringgit is 4.12 while our full year average is 4.31.to 4.33,” it said.

Read more at http://www.thestar.com.my/business/business-news/2017/09/12/aminvestment-research-positive-on-ringgit/#EkGfT9D409C5XpSc.99

Brent uptrend to $34/barrel and above.

Heard people said there will be bullish in klse stocks before general election.

THE EXPRESS TRIBUNE > BUSINESS
US dollar losing its lustre


NEW YORK: In times of uncertainty or crisis, investors typically take refuge in safe options like the Swiss franc, gold or the US dollar, but under President Donald Trump the greenback has lost its lustre, especially to the euro. After this week’s North Korean missile launch over Japan raised fears it could trigger a major conflict, the single European currency rose above the symbolic threshold of $1.2 for the first time since January 2015. “The dollar and US Treasuries are typically safe haven assets. But no one really wants to own the dollar right now,” said Brad Bechtel, head of foreign exchange trading at Jefferies. US monetary policy also plays a role in the dollar’s relative value as do comments – or the absence thereof – from central bankers.

THE EXPRESS TRIBUNE > BUSINESS
US dollar losing its lustre


NEW YORK: In times of uncertainty or crisis, investors typically take refuge in safe options like the Swiss franc, gold or the US dollar, but under President Donald Trump the greenback has lost its lustre, especially to the euro. After this week’s North Korean missile launch over Japan raised fears it could trigger a major conflict, the single European currency rose above the symbolic threshold of $1.2 for the first time since January 2015. “The dollar and US Treasuries are typically safe haven assets. But no one really wants to own the dollar right now,” said Brad Bechtel, head of foreign exchange trading at Jefferies. US monetary policy also plays a role in the dollar’s relative value as do comments – or the absence thereof – from central bankers.

EPS 0.10

http://quotes.wsj.com/MY/LONBISC/financials

ENVIRONMENT & HEALTH HONG KONG
Another tropical cyclone brewing in S.China Sea to bring more wet weather to Hong Kong this weekend
31 August 2017 13:05 Karen Cheung2 min read
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Another tropical cyclone may bring more unstable weather to Hong Kong over the weekend, just a week after two back-to-back storms caused strong winds, flooding, and transport havoc across the city.

ENVIRONMENT & HEALTH HONG KONG
Another tropical cyclone brewing in S.China Sea to bring more wet weather to Hong Kong this weekend
31 August 2017 13:05 Karen Cheung2 min read
FBTwitterFlattrRedditDonate
Another tropical cyclone may bring more unstable weather to Hong Kong over the weekend, just a week after two back-to-back storms caused strong winds, flooding, and transport havoc across the city.

This will likely continue to run as an issue for the markets in the background but certainly is one further reason for caution in being exposed to the US dollar versus the core G10 currencies like the yen, euro and Swiss franc.

In addition, the debt ceiling deadline at the end of September and the government shutdown risks will continue to weigh on the dollar over the short-term.

This will likely continue to run as an issue for the markets in the background but certainly is one further reason for caution in being exposed to the US dollar versus the core G10 currencies like the yen, euro and Swiss franc.

In addition, the debt ceiling deadline at the end of September and the government shutdown risks will continue to weigh on the dollar over the short-term.

Dollar falls to 4-month low vs yen after N.Korea fires missile
Dollar dropped to a four-month low against the yen
The greenback had been on the back foot after Fed Chair Janet Yellen's Jackson Hole speech made no mention of monetary policy

Dollar falls to 4-month low vs yen after N.Korea fires missile
Dollar dropped to a four-month low against the yen
The greenback had been on the back foot after Fed Chair Janet Yellen's Jackson Hole speech made no mention of monetary policy