KUALA LUMPUR, June 24 — The ringgit has extended yesterday’s losses against the US dollar today as the greenback continues to strengthen versus Asian currencies.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said sentiments among businesses in developed countries remain upbeat following the release of a slew of Purchasing Managers' Index reports yesterday. Meanwhile, ActivTrades trader Dyogenes Rodrigues Diniz opined that after a very volatile session, the US dollar is currently flat against the ringgit on the back of uncertainties surrounding the US inflation and the reopening of the Malaysian borders, which is taking longer than previously expected.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Ringgit continues to trade lower against US dollar | Malay MailKUALA LUMPUR, June 22 — The ringgit weakened against the US dollar for the second consecutive day, as hawkish remarks by the Federal Open Market Committee (FOMC) last week lent some support for the greenback. At 6pm, the local note eased to 4.1590/1620 versus the greenback from 4.1450/1480 at...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit opens higher at 4.1510 despite stronger US dollar | Malay MailKUALA LUMPUR, June 23 ― The ringgit opened higher against the US dollar today despite the strengthening greenback, supported by the steady crude oil prices and the positive sentiment brought about by the reaffirmation of Malaysia’s sovereign rating. The US dollar had extended its rebound from...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit ends easier against US dollar, hits seven-month low | Malay MailKUALA LUMPUR, June 23 — The ringgit fell further versus the US dollar today, hitting its lowest level in seven months following a negative evaluation of the country’s outlook by rating agency S&P. At 6pm, the local note eased to 4.1600/1640 versus the greenback from 4.1590/1620 at...
Source: malaymail - 🏆 1. / 86 Read more »
Virus hunter campaign helps young Malaysians learn of infectious diseases, says US ambassador | Malay MailKUALA LUMPUR, June 23 — The “Virus Hunter” campaign was launched today aimed to educate Malaysian youths on infectious diseases, vaccine development and to instil interest in science, technology, engineering, and mathematics (STEM). The United States’ Embassy in Kuala Lumpur in partnership...
Source: malaymail - 🏆 1. / 86 Read more »
US House panel to take up Big Tech antitrust bills amid vociferous criticism | Malay MailWASHINGTON, June 23 — The House Judiciary Committee today began work on a package of six antitrust bills, many aimed at reining in Big Tech, in what is expected to be a lengthy, contentious session. US Representative Jerrold Nadler, the Democratic chairman of the Judiciary Committee, in an...
Source: malaymail - 🏆 1. / 86 Read more »
Yellen says without debt limit hike, US could face August default risk | Malay MailWASHINGTON, June 24 — US Treasury Secretary Janet Yellen on Wednesday urged Congress to raise or suspend the federal debt limit as soon as possible, warning that if lawmakers fail to act, the United States could face a serious risk of default as soon as August. “I think defaulting on the...
Source: malaymail - 🏆 1. / 86 Read more »