KUALA LUMPUR, Jan 21 — The ringgit opened slightly lower against the US dollar on Friday as mixed signals from the equity market continues to support the greenback, an analyst said.
Speaking to Bernama, Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the sell-off in the US equities suggests that market participants have become increasingly wary over the prospect of higher interest rates.
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 opens lower against US dollar | Malay MailKUALA LUMPUR, Jan 19 ― The ringgit weakened against the US dollar at the opening today over markets expectations that the Federal Reserve (Fed) may raise interest rate, which would lend some support to the dollar, said an analyst. At 9.01am, the local currency was trading at 4.1925/1960 against...
Source: malaymail - 🏆 1. / 86 Read more »
Biden says fight to lower US inflation will 'be a haul' | Malay MailWASHINGTON, Jan 20 ― Lowering the record rate of US inflation will “be a haul,” President Joe Biden said yesterday, but he insisted the price increases will subside if supply chain snarls and component shortages are resolved. “The inflation has everything to do with the supply chain,” the...
Source: malaymail - 🏆 1. / 86 Read more »
Tokyo shares open lower after US losses | Malay MailTOKYO, Jan 19 ― Tokyo shares opened lower today, tracking losses on Wall Street where worries over higher interest rates mounted. The benchmark Nikkei 225 index fell 1.68 per cent or 474.38 points to 27,782.87 in early trade, while the broader Topix index lost 1.63 per cent or 32.21 points to...
Source: malaymail - 🏆 1. / 86 Read more »
Voting rights brawl takes centre stage in US Senate | Malay MailWASHINGTON, Jan 19 — The US Senate today will kick off a pair of votes on an election reform bill that is a top priority for President Joe Biden’s Democrats but faces dim prospects against a united front of Republican opposition. Lawmakers are scheduled to hold a procedural vote at about 6:30...
Source: malaymail - 🏆 1. / 86 Read more »
US Senate sinks Biden push for major voting rights reforms | Malay MailWASHINGTON, Jan 20 — US senators dealt a death blow Wednesday to President Joe Biden’s push to defend voting rights against what Democrats frame as an all-out assault by conservative states targeting racial minorities. Faced with a blockade from Republicans complaining of federal overreach, the...
Source: malaymail - 🏆 1. / 86 Read more »
US, UK open talks to resolve steel, aluminium tariff dispute | Malay MailWASHINGTON, Jan 20 ― The United States and Britain opened talks yesterday aimed at resolving the dispute over tariffs Washington placed on imported steel and aluminium during former president Donald Trump's administration. Citing the “serious threat” posed by excess global capacity of the...
Source: malaymail - 🏆 1. / 86 Read more »