: The ringgit rose against the US dollar at the opening today in line with its regional peers due to positive sentiment arising from the upcoming meeting between US President Donald Trump and China President Xi Jinping.A dealer hoped that Trump-Xi meeting slated to be held during the G20 summit in Osaka, Japan end of this month, would provide the much-awaited solution to the escalating trade war involving the two economic superpowers.
As of 9am, benchmark Brent Crude was at US$62.49 per barrel compared with US$60.46 per barrel yesterday. Besides the US-Sino trade war, reports of a possible interest rate cut by the US Federal Reserve and European Central Bank have also boosted investors sentiment for emerging markets.The local currency was lower at 5.2421/2476 compared with Tuesday’s close of 5.2355/2409 but improved versus the euro to 4.6729/6780 from 4.6745/6795.
However, it eased against the Singapore dollar to 3.0518/0551 from 3.0471/0497 but fared better against the yen to 3.8436/8474 from 3.8596/8635 yesterday. -
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 up against US dollar backed by positivity on US-China trade frontThe ringgit rises against the US dollar at today's opening thanks to positive sentiment arising from the upcoming meeting between presidents Trump and Xi. Are you sure the driving factor is this sentiment or because China is dumping USD for Gold? Dont play around with words...prices of goods are still rising. Whatmore in Sabah!!!
Source: fmtoday - 🏆 5. / 72 Read more »
Ringgit up against US dollar backed by positivity on US-China trade front | Malay MailKUALA LUMPUR, June 19 — The ringgit rose against the US dollar at the opening today in line with its regional peers due to positive sentiment arising from the upcoming meeting between US President Donald Trump and China President Xi Jinping. At 9am, the ringgit was at 4.1730/1760...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit slips against US dollar | Malay MailKUALA LUMPUR, June 17 — The ringgit weakened against the US dollar today alongside most Asian currencies, with the greenback holding on to its gains following Friday’s announcement of better-than-expected US retail sales and manufacturing output data for May. At 6pm, the local currency fell to...
Source: malaymail - 🏆 1. / 86 Read more »
Renewed investors interest pushes ringgit up against US dollar at opening | Malay MailKUALA LUMPUR, June 18 — The ringgit inch upwards against the US dollar, backed by renewed interest from foreign investors on the prospects of Malaysia’s economy. At 9am, the ringgit was at 4.1760/1880 against the greenback from 4.1770/1800 at yesterday’s close. A dealer said the rise in...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit weakens against US dollar | Malay MailKUALA LUMPUR, June 18 — The ringgit edged down against the US dollar, mirroring the narrow trade recorded by most Asian currencies as investors took a cautious stand ahead of the Federal Reserve policy meeting this week. At 6pm, the local currency fell to 4.1800/1830 against the greenback from...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit opens lower against US dollar amidst heighten trade tension | Malay MailKUALA LUMPUR, June 17 — The ringgit opened lower against the US dollar today as investors stayed on the sidelines due to uncertainty surrounding the global economy and heightened trade tension involving the United States. At 9am, the ringgit was at 4.1750/1780 against the...
Source: malaymail - 🏆 1. / 86 Read more »