KUALA LUMPUR: The ringgit strengthened against the US dollar at the opening today on renewed buying interest amid stabilising oil prices, said an analyst.
At 9.02am today, the local note was quoted at 4.3450/3600 compared with Friday’s close of 4.3610/3690.AxiCorp global chief market strategist Stephen Innes said the ringgit is in the midst of a tug of war between stabilising oil prices and heightened US-China trade tension. “The latter will be a significant concern, going forward, since US President Donald Trump has made it clear his election campaign will be laced with anti-China rhetoric,” he said in a note today.
The US administration alleges that China was being less than transparent in handling the coronavirus crisis.The local currency rose against the Singapore dollar to 3.0657/0771 from Friday’s close of 3.0638/0698 and jumped against the Japanese yen to 4.0389/0539 from 4.0567/0653 previously. However, it had eased against the euro to 4.7665/7842 from 4.7562/7667 earlier and depreciated against the British pound to 5.3535/3733 from 5.3078/3118 previously.
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 brings forward travel ban as Brazil surpasses US daily death toll | Malay MailWASHINGTON, May 26 — The White House yesterday brought forward by two days restrictions on travel to the United States from Brazil as the number of deaths from the new coronavirus in the South American nation surpassed the US daily toll. A White House statement amended the timing of the start of...
Source: malaymail - 🏆 1. / 86 Read more »
Ex-Coutts banker on trial over US$700 million transfer from 1MDB to Jho LowThe compliance officer was the designated money laundering reporting officer for Coutts. FMTNews NajibRazak 1MDB Anyone else disgusted that NajibRazak and Fat Low used Malaysians money like their own, paying off whomever they leased and doing whatever the wish to ensure they get the biggest share of the pie?
Source: fmtoday - 🏆 5. / 72 Read more »
Pathogen muffles US Memorial Day as deaths near 100,000A total of 97,637 Americans have died from the coronavirus outbreak. FMTNews
Source: fmtoday - 🏆 5. / 72 Read more »
Furore in US after black man dies as white policeman kneels on neck | New Straits TimesNSTworld A video of a handcuffed black man dying while a Minneapolis officer knelt on his neck for more than five minutes sparked a fresh furore in the US over police treatment of AfricanAmericans. BlackLivesMatter PoliceBrutality
Source: NST_Online - 🏆 17. / 53 Read more »
Milestones of US human spaceflights | Malay MailPARIS, May 25 — Here are key milestones in the history of crewed US spaceflights, which resume on May 27 with the first transport of US astronauts to the International Space Station for nine years. First American in space On April 12, 1961, the United States is upstaged by the Soviet Union, when... Where’s the Malaysian space tourist gone ?
Source: malaymail - 🏆 1. / 86 Read more »
Trump accuses Twitter of 'interfering' in US election | New Straits TimesWASHINGTON: President Donald Trump accused Twitter on Tuesday of “interfering” in the US election, after the social media network labelled two of his tweets “unsubstantiated” for the first time. Actually, what had got into him?..I wonder... Mr. President, you almost accuse all media electronically or on newspaper. I think only what you say on earth is true. All others are fake news. Look at the mirror Mr. President and you will know.
Source: NST_Online - 🏆 17. / 53 Read more »