On a Thursday-to-Friday basis, the ringgit ended sharply higher against the greenback at 4.2380/2420 from 4.2620/2660 the previous week. ― Reuters pic
During its two-day meeting, which ended on July 29, the US Federal Reserve decided to hold rates steady and reiterated that any wobbles in growth and bond yields would be met with a wall of Fed money. “This will be a sigh of relief to emerging markets and pave the way for the recommencing of the US dollar sell-off,” he added.
Bank Negara Malaysia , on Tuesday, announced that Malaysia’s exports registered a turnaround to grow by 8.8 per cent in June this year after contracting 25.5 per cent in May 2020.
Source: News Formal (newsformal.com)
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