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The Singapore dollar is gaining favor as a funding currency for carry trades as cheap borrowing costs and fading expectations for appreciation make it increasingly attractive relative to the Japanese yen, strategists say.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Record combined ratio of 84.7% and 30% submission growth signal strong underwriting momentum.
Truckload margins recovered as pricing gains and efficiency improved operating ratio 450 basis points.
West Texas Intermediate (WTI) oil price halts its three-day losing streak, trading around $97.70 during Asian hours on Thursday.
The GBP/USD pair enters a bullish consolidation phase during the Asian session on Thursday, trading just below the 1.3400 mark and near its highest level since September 16, touched earlier this week.
South Korea’s central bank held its policy rate steady as expected after two consecutive increases, pausing its tightening as inflation eased but remained above target.
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