greenback

Apple is trumping Trump in Taiwan with Asia’s only currency gain

Apple

HONG KONG (Jan 25): Taiwan is proving a surprising investment winner under Donald Trump.

The island is home to the only currency in Asia to climb against the resurgent greenback since the US election. Against a backdrop of the new president starting to make good on protectionist trade pledges and signaling a readiness to risk damaging Taiwan’s fragile relationship with China, analysts are still optimistic the territory will see equity inflows in 2017.

Euro slips with Asian stocks while bonds rise as Italy votes no

WELLINGTON (Dec 5): The euro retreated with riskier assets, while bonds advanced, amid concern the failure of Italy’s referendum on constitutional reform will destabilize the country, emboldening anti-Europe and nationalist forces.

Dollar slips against euro ahead of US inflation data

US dollar

NEW YORK (May 17): The dollar edged down against the euro Monday in profit taking after recent gains, as traders awaited a key US inflation report on consumer prices.

"More than anything, I think it's a little bit of profit taking," said Omer Esiner of Commonwealth Foreign Exchange, citing a quiet day in economic news.

Last week, the dollar climbed to a two-week high "in the wake of some relatively strong data, particularly Friday's retail sales number," he said.

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