KUALA LUMPUR, July 29 ― The ringgit opened higher against the US dollar today as the greenback continued to move sideways against the local note after no changes were made to the US monetary policy, a dealer said.
ActivTrades trader Dyogenes Rodrigues Diniz said the US interest rate remained unchanged at 0.25 per cent, while the Federal Open Market Committee report indicated that the US Federal Reserve will not remove the current financial stimulus until employment in the US is at pre-pandemic levels. “This means that the Fed is likely to continue to print money to support the US economy and the dollar could resume its downward movement against its counterparts,” he said.
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.
US dollar, stocks dip as Fed keeps taper timing close to chest | Malay MailNEW YORK, July 29 ― US stocks and the dollar slipped yesterday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track. The Fed said after its latest policy meeting ended...
Source: malaymail - 🏆 1. / 86 Read more »
US, Russia see business-like talks on tensions | Malay MailGENEVA, July 29 — The United States and Russia said Wednesday they had business-like and substantive talks in Geneva in their second effort in as many months to bring stability to a fraught relationship. The closed-door talks were a follow-up to last month’s summit, also held in the Swiss...
Source: malaymail - 🏆 1. / 86 Read more »
Duolingo enters 'major leagues' with US$6.5b valuation in strong debut | Malay MailNEW YORK, July 29 ― Language learning app Duolingo Inc notched a valuation of US$6.5 billion (RM27.5 billion) after its shares surged nearly 40 per cent in the company's Nasdaq debut yesterday, becoming the latest education technology startup to impress Wall Street. Duolingo's stock opened at...
Source: malaymail - 🏆 1. / 86 Read more »
Bezos offers Nasa US$2b in exchange for moon mission contract | Malay MailSEATTLE, July 27 — Fresh off his trip to space, billionaire businessman Jeff Bezos on Monday offered to cover up to US$2 billion (RM8.5 billion) in Nasa costs if the US space agency awards his company Blue Origin a contract to make a spacecraft designed to land astronauts back on the moon. Nasa...
Source: malaymail - 🏆 1. / 86 Read more »
London judges reverse course to reopen US$7b Brazil dam lawsuit against BHP | Malay MailLONDON, July 28 ― London's Court of Appeal made a U-turn yesterday by agreeing to reopen a US$7 billion (RM29.6 billion) lawsuit by 200,000 claimants against Anglo-Australian mining giant BHP, reviving a case over a dam rupture behind Brazil's worst environmental disaster. Lawyers for one of the...
Source: malaymail - 🏆 1. / 86 Read more »
Biles supported by US gymnasts, other athletes, celebs | Malay MailWASHINGTON, July 28 — US Olympic star Simone Biles received support from fellow gymnasts, other athletes and celebrities after pulling out of the women’s team event at Tokyo over mental health concerns. Putting her mental struggles in front of the world saw Biles join a growing number of...
Source: malaymail - 🏆 1. / 86 Read more »