TOKYO, July 3 ― The dollar was hemmed in a narrow range today, supported by safe-haven flows as a resurgence of the coronavirus in the United States discouraged some investors from taking on excessive risk. The yuan held steady as investors avoided big positions due to worries about diplomatic...
Against the euro, the dollar traded at US$1.1234 today. — Reuters pic
The US economy added more jobs than expected in June, data showed yesterday, but reaction in the currency market has been muted because another spike in coronavirus infections threatens to once again put the brakes on economic activity. A wave of coronavirus infections has prompted the halting of or back-pedalling on plans to reopen economic activity in several US states after months of strict lockdowns.
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 averaged at 4.25 versus US dollar in H1 2020 amidst Covid-19 | Malay MailKUALA LUMPUR, July 1 — The ringgit averaged at 4.25 against the US dollar in the first half of 2020 (H1 2020), depreciating by 3.2 per cent from an average of 4.12 recorded in H1 2019. The main reason for the ringgit depreciation was Covid-19, which caused disruptions in the global supply chain...
Read more »
Dollar bides time ahead of US manufacturing, jobs data | Malay MailTOKYO, July 1 ― The dollar held steady against the euro today ahead of data expected to show US manufacturing activity and hiring continued to recover from the economic shock caused by the coronavirus pandemic. The euro was hemmed into a narrow range as traders awaited data on Germany's...
Read more »
Ringgit opens unchanged against US dollar | New Straits TimesKUALA LUMPUR: The ringgit opened unchanged against the US dollar on Friday amid a quiet market, in line with other Asean currencies.
Read more »
Ringgit opens lower against US dollar as oil rally pauses | Malay MailKUALA LUMPUR, July 2 ― The ringgit extend its downtrend to trade lower today as oil's rally paused. At 9.10am, the ringgit was quoted at 4.2850/2900 compared with yesterday's close of 4.2840/2880. AxiCorp global chief market strategist Stephen Innes said in addition, sentiment turned a bit sour...
Read more »
Dollar holds gains versus yen before major economic data | Malay MailTOKYO, July 1 ― The dollar held onto gains against the yen today ahead of data expected to show US manufacturing activity and hiring continued to recover from the economic shock caused by the coronavirus pandemic. The euro was hemmed into a narrow range as traders awaited data on Germany's...
Read more »
Ringgit averaged at 4.25 versus US dollar in H1 2020 amidst Covid-19 | Malay MailKUALA LUMPUR, July 1 — The ringgit averaged at 4.25 against the US dollar in the first half of 2020 (H1 2020), depreciating by 3.2 per cent from an average of 4.12 recorded in H1 2019. The main reason for the ringgit depreciation was Covid-19, which caused disruptions in the global supply chain...
Read more »