By Hideyuki Sano
TOKYO (Reuters) - The U.S. dollar sank to a 10-month low against a basket of major currencies on Tuesday, hobbled by uncertainty over the pace of the Federal Reserve's policy tightening and worries that President Donald Trump will fail to deliver healthcare reforms.
The dollar's index against a basket of six major currencies sank to a 10-month low of 94.75. From its 14-year peak of 103.82 touched on Jan. 3, it has lost 8.4 percent.
Two more Republican Senators, Jerry Moran and Mike Lee, announced their opposition on Monday to a revised Republican healthcare bill, delivering a serious blow to the legislation.
"If the bills won't pass, there will be no money for tax cuts. The implementation of his fiscal policy will be difficult," said Bart Wakabayashi, Tokyo Branch Manager of State Street.
Friday's weak reading on U.S. inflation and retail sales also fanned speculation that the Fed may not have justification for another rate hike by the end of this year, despite policymakers' projection for such a move.
Money market instruments are now pricing in less than 50 percent chance of a rate increase during the rest of the year.
In contrast, central bank policymakers in the euro zone, the UK and Canada have recently signaled they could adjust their policies, with the Bank of Canada raising rates last week for the first time since 2010.

urrencies
US dollar falls to 10-month low on doubts the Fed will raise rates again in 2017
Bets up that Federal Reserve is done increasing US interest rates
PUBLISHED : Tuesday, 18 July, 2017, 4:48am
UPDATED : Tuesday, 18 July, 2017, 9:58am
COMMENTS:


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China’s currency gained for the sixth straight day after China raised its daily reference rate. Photo: Reuters
INVESTOR RELATIONS
Yuan advances as GDP data points to building momentum
17 Jul 2017
The yen may have a lot further to fall with the Bank of Japan resolutely committed to its ultra-accommodative policy. Photo: Reuters
OPINION
Bank of Japan’s stance makes yen a sitting duck
11 Jul 2017
Bank notes of the Euro, Hong Kong dollar, US dollar, Japanese yen, pound and Chinese yuan are seen in this picture illustration. Photo: Reuters
BANKING & FINANCE
US dollar hits two-month high against the yen
11 Jul 2017
The US dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year.
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China’s second-quarter gross domestic product topped forecasts with a rise of 6.9 per cent on the year, while retail sales and industrial output from the world’s second-largest economy were both strong.
The data boosted the Australian dollar given the country’s trade relationship with China, analysts said. The Aussie shot to a more than two-year high of US$0.7840, with bulls targeting the 200-week moving average around US$0.8018, before turning negative against the dollar and last trading down 0.3 per cent at US$0.7801.
Fed chief Yellen says US economy healthy enough for more rate increases

The dollar hit more than two-week lows against the onshore and offshore yuan, respectively, of 6.7645 yuan and 6.7602 yuan but last traded mostly flat.

urrencies
US dollar falls to 10-month low on doubts the Fed will raise rates again in 2017
Bets up that Federal Reserve is done increasing US interest rates
PUBLISHED : Tuesday, 18 July, 2017, 4:48am
UPDATED : Tuesday, 18 July, 2017, 9:58am
COMMENTS:


Reuters
Reuters
5SHARE

PrintEmail
RELATED TOPICS
Currencies
Related Articles
China’s currency gained for the sixth straight day after China raised its daily reference rate. Photo: Reuters
INVESTOR RELATIONS
Yuan advances as GDP data points to building momentum
17 Jul 2017
The yen may have a lot further to fall with the Bank of Japan resolutely committed to its ultra-accommodative policy. Photo: Reuters
OPINION
Bank of Japan’s stance makes yen a sitting duck
11 Jul 2017
Bank notes of the Euro, Hong Kong dollar, US dollar, Japanese yen, pound and Chinese yuan are seen in this picture illustration. Photo: Reuters
BANKING & FINANCE
US dollar hits two-month high against the yen
11 Jul 2017
The US dollar hit its lowest level against a basket of major currencies in 10 months on Monday and the Australian dollar hit a more than two-year high on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year.
SCMP TODAY: HK EDITION
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China’s second-quarter gross domestic product topped forecasts with a rise of 6.9 per cent on the year, while retail sales and industrial output from the world’s second-largest economy were both strong.
The data boosted the Australian dollar given the country’s trade relationship with China, analysts said. The Aussie shot to a more than two-year high of US$0.7840, with bulls targeting the 200-week moving average around US$0.8018, before turning negative against the dollar and last trading down 0.3 per cent at US$0.7801.
Fed chief Yellen says US economy healthy enough for more rate increases

The dollar hit more than two-week lows against the onshore and offshore yuan, respectively, of 6.7645 yuan and 6.7602 yuan but last traded mostly flat.

Chase them all. Scare them all.

0.09 coming soon. Dump now.

The ugly finish for the US dollar points to trouble ahead
Sun 16 Jul 2017 13:04:09 GMT Author: Adam Button | Category: News
Author: Adam Button

share
US dollar closed on the lows



No one stepped up to but the US dollar on Friday, it closed on the lows of very close against the euro, Australian dollar and the Canadian dollar. Sterling wasn't far away.

The market -- generally -- still likes the US dollar but a close on the weekly lows is a technical signal you can't ignore. Add in the breakouts against the pound, CAD and Aussie, and you have a recipe for a brutal week ahead.

What's even worse is that there is no top-tier data on the calendar to give USD a hand; and the Fed is in the communication blackout.

The ugly finish for the US dollar points to trouble ahead
Sun 16 Jul 2017 13:04:09 GMT Author: Adam Button | Category: News
Author: Adam Button

share
US dollar closed on the lows



No one stepped up to but the US dollar on Friday, it closed on the lows of very close against the euro, Australian dollar and the Canadian dollar. Sterling wasn't far away.

The market -- generally -- still likes the US dollar but a close on the weekly lows is a technical signal you can't ignore. Add in the breakouts against the pound, CAD and Aussie, and you have a recipe for a brutal week ahead.

What's even worse is that there is no top-tier data on the calendar to give USD a hand; and the Fed is in the communication blackout.

The ugly finish for the US dollar points to trouble ahead
Sun 16 Jul 2017 13:04:09 GMT Author: Adam Button | Category: News
Author: Adam Button

share
US dollar closed on the lows



No one stepped up to but the US dollar on Friday, it closed on the lows of very close against the euro, Australian dollar and the Canadian dollar. Sterling wasn't far away.

The market -- generally -- still likes the US dollar but a close on the weekly lows is a technical signal you can't ignore. Add in the breakouts against the pound, CAD and Aussie, and you have a recipe for a brutal week ahead.

What's even worse is that there is no top-tier data on the calendar to give USD a hand; and the Fed is in the communication blackout.

Dollar falls after US CPI, retail data disappoint
0
Reuters, New York
The dollar extended its earlier decline against a basket of major currencies on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about US economic growth and whether the Federal Reserve would raise interest rates again in 2017.

US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation.

Economists had forecast the CPI edging up 0.1 percent last month and its drop of 0.1 percent in May and the lack of a rebound in June could trouble Fed officials who have largely viewed the recent moderation in price pressures as transitory.

"The CPI data begs the question, at what point does transitory becomes something that is more sustained, in terms of the softness," said Richard Franulovich, senior currency strategist at Westpac Banking Corp in New York.

The dollar index, which tracks the greenback against six major rivals, was down 0.5 to 95.248 after earlier falling to 95.186, its lowest since September 2016.

Dollar falls after US CPI, retail data disappoint
0
Reuters, New York
The dollar extended its earlier decline against a basket of major currencies on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about US economic growth and whether the Federal Reserve would raise interest rates again in 2017.

US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation.

Economists had forecast the CPI edging up 0.1 percent last month and its drop of 0.1 percent in May and the lack of a rebound in June could trouble Fed officials who have largely viewed the recent moderation in price pressures as transitory.

"The CPI data begs the question, at what point does transitory becomes something that is more sustained, in terms of the softness," said Richard Franulovich, senior currency strategist at Westpac Banking Corp in New York.

The dollar index, which tracks the greenback against six major rivals, was down 0.5 to 95.248 after earlier falling to 95.186, its lowest since September 2016.

Dollar falls after US CPI, retail data disappoint
0
Reuters, New York
The dollar extended its earlier decline against a basket of major currencies on Friday, after weaker-than-forecast data on consumer prices and retail sales in June raised doubts about US economic growth and whether the Federal Reserve would raise interest rates again in 2017.

US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation.

Economists had forecast the CPI edging up 0.1 percent last month and its drop of 0.1 percent in May and the lack of a rebound in June could trouble Fed officials who have largely viewed the recent moderation in price pressures as transitory.

"The CPI data begs the question, at what point does transitory becomes something that is more sustained, in terms of the softness," said Richard Franulovich, senior currency strategist at Westpac Banking Corp in New York.

The dollar index, which tracks the greenback against six major rivals, was down 0.5 to 95.248 after earlier falling to 95.186, its lowest since September 2016.

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US Dollar Add to myFT
US dollar hits lowest point in nearly 10 months

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13 HOURS AGO by: Jessica Dye
The US dollar has fallen to its lowest point in nearly 10 months on the heels of soft data on inflation and retail sales that have dimmed expectations for a third interest-rate increase in 2017.

The dollar index — which measures the greenback against a basket of peer currencies — has declined 0.6 per cent on Friday, taking it to 95.15 — its lowest point since late September, according to Bloomberg data. The index is also on track for its steepest one-day slide since June 27.

The weak reports have thrown into question whether policymakers at the Federal Reserve have been right to see other soft economic data since the start of the year as “transitory”, justifying their decision to forge ahead, for now, on a planned course of interest-rate increases in 2017.

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/dc2523dc-c110-37fb-b87b-6839cf727658

US Dollar Add to myFT
US dollar hits lowest point in nearly 10 months

fastFT
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13 HOURS AGO by: Jessica Dye
The US dollar has fallen to its lowest point in nearly 10 months on the heels of soft data on inflation and retail sales that have dimmed expectations for a third interest-rate increase in 2017.

The dollar index — which measures the greenback against a basket of peer currencies — has declined 0.6 per cent on Friday, taking it to 95.15 — its lowest point since late September, according to Bloomberg data. The index is also on track for its steepest one-day slide since June 27.

The weak reports have thrown into question whether policymakers at the Federal Reserve have been right to see other soft economic data since the start of the year as “transitory”, justifying their decision to forge ahead, for now, on a planned course of interest-rate increases in 2017.

S&P 500 2,459 +11.44 +0.47%
Home Markets U.S. & Canada Futures Movers
Oil ends higher to tally a gain of more than 5% for the week
By Myra P. Saefong and Sara Sjolin
Published: July 14, 2017 3:06 p.m. ET

SHARE
8

Nigeria supply setback, higher crude demand forecast lift prices
Getty Images
Oil scored a weekly gain of more than 5% on Friday, as reports of supply issues in Nigeria and a higher forecast for crude demand helped send prices up for a fifth session in a row, to their highest finish in nearly two weeks.

August West Texas Intermediate crude CLQ7, +1.30% rose 46 cents, or 1%, to settle at $46.54 a barrel on the New York Mercantile Exchange. It rose roughly 5.2% for the week and settled at its highest since July 3, according to FactSet data. September Brent crude LCOU7, +1.38% on London’s ICE Futures exchange climbed 49 cents, or 1%, to $48.91 a barrel, with prices up about 4.7% from a week ago.

S&P 500 2,459 +11.44 +0.47%
Home Markets U.S. & Canada Futures Movers
Oil ends higher to tally a gain of more than 5% for the week
By Myra P. Saefong and Sara Sjolin
Published: July 14, 2017 3:06 p.m. ET

SHARE
8

Nigeria supply setback, higher crude demand forecast lift prices
Getty Images
Oil scored a weekly gain of more than 5% on Friday, as reports of supply issues in Nigeria and a higher forecast for crude demand helped send prices up for a fifth session in a row, to their highest finish in nearly two weeks.

August West Texas Intermediate crude CLQ7, +1.30% rose 46 cents, or 1%, to settle at $46.54 a barrel on the New York Mercantile Exchange. It rose roughly 5.2% for the week and settled at its highest since July 3, according to FactSet data. September Brent crude LCOU7, +1.38% on London’s ICE Futures exchange climbed 49 cents, or 1%, to $48.91 a barrel, with prices up about 4.7% from a week ago.

When goes up, I hitting my toe with my own hammer. Ouch! Ouch!

0.16 is coming. Oh! Ouch! Ouch! Very painful. I am very scare like a tortoises.

Dividend.Dividend.Dividend. 1.20 to 1.30.

May reach 1.15 soon.

Oh! I am very scare. Scary ha ha.

Oil Prices Could Head Back Over $50 Before Year End
Jul. 13, 2017 1:55 PM ET| Includes: USO

HiddenValueInvestor
Long only, value

(916 followers)
Summary

Growing U.S. petroleum exports could balance U.S. oil supply and demand more quickly than the market expects.
Oil and fuel storage in the U.S. could return to the middle of the range of the five-year-average based on the growth in exports.
The easiest and most direct way for investors to participate in a near-term rise in oil prices is to buy shares in the United States Oil Fund on the stock-market.
A surge in exports of oil and finished petroleum products could send West Texas Intermediate crude oil prices back over $50 per barrel before the end of the year. A recent New York Times article highlighted the new oil export terminal in Corpus Christi, Texas. According to the paper, "Suddenly buyers from all over the world are purchasing the new American supplies, from South Korea to India - even oil-rich Venezuela, which uses the light sweet crude that comes out of American shale to blend with its gooey heavy crude. The light crude is highly prized even while global oil markets are saturated."

Oil Prices Could Head Back Over $50 Before Year End
Jul. 13, 2017 1:55 PM ET| Includes: USO

HiddenValueInvestor
Long only, value

(916 followers)
Summary

Growing U.S. petroleum exports could balance U.S. oil supply and demand more quickly than the market expects.
Oil and fuel storage in the U.S. could return to the middle of the range of the five-year-average based on the growth in exports.
The easiest and most direct way for investors to participate in a near-term rise in oil prices is to buy shares in the United States Oil Fund on the stock-market.
A surge in exports of oil and finished petroleum products could send West Texas Intermediate crude oil prices back over $50 per barrel before the end of the year. A recent New York Times article highlighted the new oil export terminal in Corpus Christi, Texas. According to the paper, "Suddenly buyers from all over the world are purchasing the new American supplies, from South Korea to India - even oil-rich Venezuela, which uses the light sweet crude that comes out of American shale to blend with its gooey heavy crude. The light crude is highly prized even while global oil markets are saturated."

Oil rally eases as data show big drop in US crude stockpiles, rise in production
Crude inventories fell by 7.6 million barrels in the last week, compared with analysts' expectations for an decrease of 2.9 million barrels.
U.S. oil production ticked up by 59,000 barrels a day to nearly 9.4 million barrels a day.
OPEC said its oil output rose by 393,000 barrels per day in June, led by a rebound in Nigeria and Libya.

Oil rally eases as data show big drop in US crude stockpiles, rise in production
Crude inventories fell by 7.6 million barrels in the last week, compared with analysts' expectations for an decrease of 2.9 million barrels.
U.S. oil production ticked up by 59,000 barrels a day to nearly 9.4 million barrels a day.
OPEC said its oil output rose by 393,000 barrels per day in June, led by a rebound in Nigeria and Libya.

U.S. Dollar Could Crash 20%
Tucker Higgins Tucker Higgins Follow Jul 11, 2017 5:46 PM EDT
Play Video
U.S. Dollar Could Fall Another 20%

Foreign-exchange expert Douglas Borthwick say the U.S. dollar might plunge another 20% in the second half, as he believes the Trump administration wants a weaker greenback that will benefit U.S. trade.

"We've got another 20% to go before I feel satisfied that the U.S. has reached that weaker-dollar policy," Borthwick, who writes about forex for TheStreet, said during our latest Trading Strategies roundtable for investors.

Borthwick, managing director of Chapdelaine FX, said that the dollar will have to fall lower for longer to help fulfill the Trump administration's stated goals of improving U.S. manufacturing.

He said the U.S. Dollar Index (^DXY) is lower than it was before Donald Trump's election, "but it's still not low enough. The weaker-dollar policy that the Trump administration is pursuing is based on making the U.S. competitive -- and it has to be competitive not just for a couple of months where the dollar is weak, but for the next four to eight years."

A declining U.S. dollar could boost sectors besides manufacturing, such as commodities, which are generally denominated in dollars. The dollar has been on a downward move since January compared to a basket of major currencies. The greenback is now at at its lowest point since September 2016, according to the Federal Reserve Bank of St. Louis.

President Trump has divided from his administration on dollar policy. Though Treasury Secretary Steve Mnuchin has said a strong dollar is good for the U.S. economy, Trump has said he prefers a weak dollar because that benefits manufacturing.

U.S. Dollar Could Crash 20%
Tucker Higgins Tucker Higgins Follow Jul 11, 2017 5:46 PM EDT
Play Video
U.S. Dollar Could Fall Another 20%

Foreign-exchange expert Douglas Borthwick say the U.S. dollar might plunge another 20% in the second half, as he believes the Trump administration wants a weaker greenback that will benefit U.S. trade.

"We've got another 20% to go before I feel satisfied that the U.S. has reached that weaker-dollar policy," Borthwick, who writes about forex for TheStreet, said during our latest Trading Strategies roundtable for investors.

Borthwick, managing director of Chapdelaine FX, said that the dollar will have to fall lower for longer to help fulfill the Trump administration's stated goals of improving U.S. manufacturing.

He said the U.S. Dollar Index (^DXY) is lower than it was before Donald Trump's election, "but it's still not low enough. The weaker-dollar policy that the Trump administration is pursuing is based on making the U.S. competitive -- and it has to be competitive not just for a couple of months where the dollar is weak, but for the next four to eight years."

A declining U.S. dollar could boost sectors besides manufacturing, such as commodities, which are generally denominated in dollars. The dollar has been on a downward move since January compared to a basket of major currencies. The greenback is now at at its lowest point since September 2016, according to the Federal Reserve Bank of St. Louis.

President Trump has divided from his administration on dollar policy. Though Treasury Secretary Steve Mnuchin has said a strong dollar is good for the U.S. economy, Trump has said he prefers a weak dollar because that benefits manufacturing.

U.S. Dollar Could Crash 20%
Tucker Higgins Tucker Higgins Follow Jul 11, 2017 5:46 PM EDT
Play Video
U.S. Dollar Could Fall Another 20%

Foreign-exchange expert Douglas Borthwick say the U.S. dollar might plunge another 20% in the second half, as he believes the Trump administration wants a weaker greenback that will benefit U.S. trade.

"We've got another 20% to go before I feel satisfied that the U.S. has reached that weaker-dollar policy," Borthwick, who writes about forex for TheStreet, said during our latest Trading Strategies roundtable for investors.

Borthwick, managing director of Chapdelaine FX, said that the dollar will have to fall lower for longer to help fulfill the Trump administration's stated goals of improving U.S. manufacturing.

He said the U.S. Dollar Index (^DXY) is lower than it was before Donald Trump's election, "but it's still not low enough. The weaker-dollar policy that the Trump administration is pursuing is based on making the U.S. competitive -- and it has to be competitive not just for a couple of months where the dollar is weak, but for the next four to eight years."

A declining U.S. dollar could boost sectors besides manufacturing, such as commodities, which are generally denominated in dollars. The dollar has been on a downward move since January compared to a basket of major currencies. The greenback is now at at its lowest point since September 2016, according to the Federal Reserve Bank of St. Louis.

President Trump has divided from his administration on dollar policy. Though Treasury Secretary Steve Mnuchin has said a strong dollar is good for the U.S. economy, Trump has said he prefers a weak dollar because that benefits manufacturing.

US dollar pressured by Trump Jr emails, focus on Yellen testimony
Wednesday, July 12, 2017 - 09:11

2017-05-17T023921Z_1426918253_RC14402E6220_RTRMADP_3_GLOBAL-MARKETS.JPG The US dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign. PHOTO: REUTERS
[TOKYO] The US dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign.

Ms Yellen will give her semi-annual monetary policy testimony before Congress later on Wednesday and on Thursday, and investors will be parsing it for or clues on when the Fed will start reducing its massive balance sheet.

The US dollar index, which measures the US currency against a basket of six major rivals, was slightly lower on the day at 95.641.

Against its Japanese counterpart, the US dollar slipped 0.2 per cent to 113.675 yen, moving away from a four-month high of 114.495 yen marked on Tuesday.

US dollar pressured by Trump Jr emails, focus on Yellen testimony
Wednesday, July 12, 2017 - 09:11

2017-05-17T023921Z_1426918253_RC14402E6220_RTRMADP_3_GLOBAL-MARKETS.JPG The US dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign. PHOTO: REUTERS
[TOKYO] The US dollar wobbled in early Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign.

Ms Yellen will give her semi-annual monetary policy testimony before Congress later on Wednesday and on Thursday, and investors will be parsing it for or clues on when the Fed will start reducing its massive balance sheet.

The US dollar index, which measures the US currency against a basket of six major rivals, was slightly lower on the day at 95.641.

Against its Japanese counterpart, the US dollar slipped 0.2 per cent to 113.675 yen, moving away from a four-month high of 114.495 yen marked on Tuesday.

When is the release of next quarter report?

This is the reason oil could jump up to $120 a barrel, expert says
Oil producing states and the oil supply are vulnerable to geopolitical risks.
Significant disruption could see prices rise to $120 a barrel
U.S., Libyan and Nigerian oil production is adding around 1 million barrels a day, undermining OPEC cuts.

FEATURE
Oil Prices Could Rise by 35% Later This Year
A prescient analyst at Citigroup thinks oil, recently at $44 a barrel, could head to $60 as demand increases.

By GENE EPSTEIN
July 8, 2017 1:15 a.m. ET
The price of crude oil could touch $60 a barrel before the end of this year, as demand exceeds supply. That forecast would have been aggressively bearish as recently as three years ago, but with West Texas Intermediate trading last week at $44, $60 would mean a price jump of 35%.

Citigroup senior energy analyst Eric Lee, featured in Barron’s as anticipating the bear market when the price was over $100, has become a short-term oil bull at current levels. In his view, traders have had difficulty interpreting the effect on...

Psiptek nta is 0.59. Share price at 0.17. Undervalued. Earn profit every year.

Psiptek nta is 0.59. Share price at 0.17. Undervalued. Earn profit every year.

Oil Prices Could Rise by 35% Later This Year
A prescient analyst at Citigroup thinks oil, recently at $44 a barrel, could head to $60 as demand increases.

By GENE EPSTEIN
July 8, 2017 1:15 a.m. ET
The price of crude oil could touch $60 a barrel before the end of this year, as demand exceeds supply. That forecast would have been aggressively bearish as recently as three years ago, but with West Texas Intermediate trading last week at $44, $60 would mean a price jump of 35%.

Citigroup senior energy analyst Eric Lee, featured in Barron’s as anticipating the bear market when the price was over $100, has become a short-term oil bull at current levels. In his view, traders have had difficulty interpreting the effect on...

Oil Prices Could Rise by 35% Later This Year
A prescient analyst at Citigroup thinks oil, recently at $44 a barrel, could head to $60 as demand increases.

By GENE EPSTEIN
July 8, 2017 1:15 a.m. ET
The price of crude oil could touch $60 a barrel before the end of this year, as demand exceeds supply. That forecast would have been aggressively bearish as recently as three years ago, but with West Texas Intermediate trading last week at $44, $60 would mean a price jump of 35%.

Citigroup senior energy analyst Eric Lee, featured in Barron’s as anticipating the bear market when the price was over $100, has become a short-term oil bull at current levels. In his view, traders have had difficulty interpreting the effect on...

Oil Prices Could Rise by 35% Later This Year
A prescient analyst at Citigroup thinks oil, recently at $44 a barrel, could head to $60 as demand increases.

By GENE EPSTEIN
July 8, 2017 1:15 a.m. ET
The price of crude oil could touch $60 a barrel before the end of this year, as demand exceeds supply. That forecast would have been aggressively bearish as recently as three years ago, but with West Texas Intermediate trading last week at $44, $60 would mean a price jump of 35%.

Citigroup senior energy analyst Eric Lee, featured in Barron’s as anticipating the bear market when the price was over $100, has become a short-term oil bull at current levels. In his view, traders have had difficulty interpreting the effect on...

This is the reason oil could jump up to $120 a barrel, expert says
Oil producing states and the oil supply are vulnerable to geopolitical risks.
Significant disruption could see prices rise to $120 a barrel
U.S., Libyan and Nigerian oil production is adding around 1 million barrels a day, undermining OPEC cuts.

This is the reason oil could jump up to $120 a barrel, expert says
Oil producing states and the oil supply are vulnerable to geopolitical risks.
Significant disruption could see prices rise to $120 a barrel
U.S., Libyan and Nigerian oil production is adding around 1 million barrels a day, undermining OPEC cuts.

This is the reason oil could jump up to $120 a barrel, expert says
Oil producing states and the oil supply are vulnerable to geopolitical risks.
Significant disruption could see prices rise to $120 a barrel
U.S., Libyan and Nigerian oil production is adding around 1 million barrels a day, undermining OPEC cuts.

Ringgit seen sliding to 4.40 against US dollar in 3Q
Ahmad Naqib Idris
/
The Edge Financial Daily

July 06, 2017 08:54 am MYT
This article first appeared in The Edge Financial Daily, on July 6, 2017.
-A+A
KUALA LUMPUR: The ringgit could weaken to 4.40 against the US dollar in the third quarter (3Q) of 2017, said Shan Saeed, chief economist at Dubai-based IQI Group, but the local currency is unlikely to crash as Malaysia’s fundamentals remain intact.

He has observed that the ringgit usually sees some weakening in 3Q and 4Q of the year, but will bounce back to its fair value of between 4.10 and 4.30 against the greenback.

The ringgit closed unchanged at 4.298 against the US dollar yesterday.

“The ringgit usually slides in the third and fourth quarters every year based on historical data. This is due to fund managers, which take long positions, adjusting their portfolios,” he told reporters on the sidelines of the RHB Banking Group Regional Conference 2017 yesterday.

“I think the ringgit will slide to 4.40 this year, but it will recover to 4.30 eventually,” he added.

Shan said the ringgit will be supported by an expected rise in crude oil prices going forward, while investor confidence and consumer spending remain strong.

He noted that weakening in the US dollar has also resulted in appreciation of the ringgit.

Despite a slew of negative news on Malaysia last year, he said, the ringgit was the best performing Asean currency.

“In December last year, everyone was talking about [the] ringgit falling to 5.80 against the US dollar, but currently it is still trading at around 4.30,” he said.

On Malaysia’s economic growth, Shan expects a gross domestic product growth of 4.8% to 5.2% for 2017 and 2018, supported by domestic consumption and investments.

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Ringgit seen sliding to 4.40 against US dollar in 3Q
Ahmad Naqib Idris
/
The Edge Financial Daily

July 06, 2017 08:54 am MYT
This article first appeared in The Edge Financial Daily, on July 6, 2017.
-A+A
KUALA LUMPUR: The ringgit could weaken to 4.40 against the US dollar in the third quarter (3Q) of 2017, said Shan Saeed, chief economist at Dubai-based IQI Group, but the local currency is unlikely to crash as Malaysia’s fundamentals remain intact.

He has observed that the ringgit usually sees some weakening in 3Q and 4Q of the year, but will bounce back to its fair value of between 4.10 and 4.30 against the greenback.

The ringgit closed unchanged at 4.298 against the US dollar yesterday.

“The ringgit usually slides in the third and fourth quarters every year based on historical data. This is due to fund managers, which take long positions, adjusting their portfolios,” he told reporters on the sidelines of the RHB Banking Group Regional Conference 2017 yesterday.

“I think the ringgit will slide to 4.40 this year, but it will recover to 4.30 eventually,” he added.

Shan said the ringgit will be supported by an expected rise in crude oil prices going forward, while investor confidence and consumer spending remain strong.

He noted that weakening in the US dollar has also resulted in appreciation of the ringgit.

Despite a slew of negative news on Malaysia last year, he said, the ringgit was the best performing Asean currency.

“In December last year, everyone was talking about [the] ringgit falling to 5.80 against the US dollar, but currently it is still trading at around 4.30,” he said.

On Malaysia’s economic growth, Shan expects a gross domestic product growth of 4.8% to 5.2% for 2017 and 2018, supported by domestic consumption and investments.

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RELATED NEWS
4 August 2015
MIER: Ringgit could fall to 4.0 against US dollar should crude oil price slips further
21 August 2015
Ringgit weakens to 4.1628 against US dollar
24 November 2016
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25 November 2016
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MOST READ
MOST WATCHED
1 Malaysia ex-central bank chief recalls 1997 crisis lessons: Q&A
2 Ringgit seen sliding to 4.40 against US dollar in 3Q
3 Market entering lacklustre period, says HLIB Research
4 Drinks: Forget Pappy, these five whiskys deserve their own cult status
5 MRCB up after option period extended













Home About Us Join Us Contact Us Advertise with us Subscription Sitemap Term of use PDPA
© All rights reserved. 2017. The Edge Communications Sdn. Bhd.

KUALA LUMPUR: The ringgit could weaken to 4.40 against the US dollar in the third quarter (3Q) of 2017, said Shan Saeed, chief economist at Dubai-based IQI Group, but the local currency is unlikely to crash as Malaysia’s fundamentals remain intact.

He has observed that the ringgit usually sees some weakening in 3Q and 4Q of the year, but will bounce back to its fair value of between 4.10 and 4.30 against the greenback.

The ringgit closed unchanged at 4.298 against the US dollar yesterday.

“The ringgit usually slides in the third and fourth quarters every year based on historical data. This is due to fund managers, which take long positions, adjusting their portfolios,” he told reporters on the sidelines of the RHB Banking Group Regional Conference 2017 yesterday.

“I think the ringgit will slide to 4.40 this year, but it will recover to 4.30 eventually,” he added.

Shan said the ringgit will be supported by an expected rise in crude oil prices going forward, while investor confidence and consumer spending remain strong.

He noted that weakening in the US dollar has also resulted in appreciation of the ringgit.

Despite a slew of negative news on Malaysia last year, he said, the ringgit was the best performing Asean currency.

“In December last year, everyone was talking about [the] ringgit falling to 5.80 against the US dollar, but currently it is still trading at around 4.30,” he said.

On Malaysia’s economic growth, Shan expects a gross domestic product growth of 4.8% to 5.2% for 2017 and 2018, supported by domestic consumption and investments.

KUALA LUMPUR: The ringgit could weaken to 4.40 against the US dollar in the third quarter (3Q) of 2017, said Shan Saeed, chief economist at Dubai-based IQI Group, but the local currency is unlikely to crash as Malaysia’s fundamentals remain intact.

He has observed that the ringgit usually sees some weakening in 3Q and 4Q of the year, but will bounce back to its fair value of between 4.10 and 4.30 against the greenback.

The ringgit closed unchanged at 4.298 against the US dollar yesterday.

“The ringgit usually slides in the third and fourth quarters every year based on historical data. This is due to fund managers, which take long positions, adjusting their portfolios,” he told reporters on the sidelines of the RHB Banking Group Regional Conference 2017 yesterday.

“I think the ringgit will slide to 4.40 this year, but it will recover to 4.30 eventually,” he added.

Shan said the ringgit will be supported by an expected rise in crude oil prices going forward, while investor confidence and consumer spending remain strong.

He noted that weakening in the US dollar has also resulted in appreciation of the ringgit.

Despite a slew of negative news on Malaysia last year, he said, the ringgit was the best performing Asean currency.

“In December last year, everyone was talking about [the] ringgit falling to 5.80 against the US dollar, but currently it is still trading at around 4.30,” he said.

On Malaysia’s economic growth, Shan expects a gross domestic product growth of 4.8% to 5.2% for 2017 and 2018, supported by domestic consumption and investments.

This mean already lowest price 0.165 . May up slow and steady.

KUALA LUMPUR: The ringgit opened higher today due to bearish sentiment for the US dollar after the release of its first-quarter gross domestic product (GDP) data last week, a dealer said.

At 9am, the ringgit was traded at 4.2900/2970 against the greenback from 4.2920/2950 on Friday.

The dealer said at the beginning of this year, the Donald Trump-fuelled US dollar rally left the currency vulnerable to heavy losses and after six months, the greenback still lacks “attitude.”

The US also released better-than-expected GDP data last week which showed that the US economy advanced 1.4 per cent. Corporate profits, however, declined despite the upbeat data. Overall, investors remained focus on the central banks’ intentions to tighten monetary policies.

Against a basket of major currencies, the ringgit was traded mixed. It rose against the Singapore dollar to 3.1155/1210 from 3.1181/1220 on Friday, and strengthened against the yen to 3.8194/8267 from 3.8328/8365. It fell against the British pound to 5.5787/5904 from 5.5757/5801, and eased slightly against the euro to 4.8970/9055 from 4.8963/8015 on Friday. – BERNAMA

KUALA LUMPUR: The ringgit opened higher today due to bearish sentiment for the US dollar after the release of its first-quarter gross domestic product (GDP) data last week, a dealer said.

At 9am, the ringgit was traded at 4.2900/2970 against the greenback from 4.2920/2950 on Friday.

The dealer said at the beginning of this year, the Donald Trump-fuelled US dollar rally left the currency vulnerable to heavy losses and after six months, the greenback still lacks “attitude.”

The US also released better-than-expected GDP data last week which showed that the US economy advanced 1.4 per cent. Corporate profits, however, declined despite the upbeat data. Overall, investors remained focus on the central banks’ intentions to tighten monetary policies.

Against a basket of major currencies, the ringgit was traded mixed. It rose against the Singapore dollar to 3.1155/1210 from 3.1181/1220 on Friday, and strengthened against the yen to 3.8194/8267 from 3.8328/8365. It fell against the British pound to 5.5787/5904 from 5.5757/5801, and eased slightly against the euro to 4.8970/9055 from 4.8963/8015 on Friday. – BERNAMA

Crude oil prices rise on first drop in US drilling activity

REUTERS
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SINGAPORE, JULY 3:
Oil prices rose on Monday, lifted by the first fall in US drilling activity in months, although the gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.

Brent crude futures climbed 16 cents or 0.3 per cent to $48.93 per barrel by 0248 GMT, after jumping 5.2 per cent last week, its first weekly gain in six weeks.

US West Texas Intermediate (WTI) crude futures rose 24 cents or 0.5 per cent to $46.28 per barrel, adding to last week's 7 per cent gain.

Crude oil prices rise on first drop in US drilling activity

REUTERS
COMMENTS (0) · PRINT · T+

inShare
Share


SINGAPORE, JULY 3:
Oil prices rose on Monday, lifted by the first fall in US drilling activity in months, although the gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.

Brent crude futures climbed 16 cents or 0.3 per cent to $48.93 per barrel by 0248 GMT, after jumping 5.2 per cent last week, its first weekly gain in six weeks.

US West Texas Intermediate (WTI) crude futures rose 24 cents or 0.5 per cent to $46.28 per barrel, adding to last week's 7 per cent gain.

Crude oil prices rise on first drop in US drilling activity

REUTERS
COMMENTS (0) · PRINT · T+

inShare
Share


SINGAPORE, JULY 3:
Oil prices rose on Monday, lifted by the first fall in US drilling activity in months, although the gains were capped by reports of rising OPEC output last month even as the group has pledged to cut supply.

Brent crude futures climbed 16 cents or 0.3 per cent to $48.93 per barrel by 0248 GMT, after jumping 5.2 per cent last week, its first weekly gain in six weeks.

US West Texas Intermediate (WTI) crude futures rose 24 cents or 0.5 per cent to $46.28 per barrel, adding to last week's 7 per cent gain.