US dollar strengthens as investors look for safe haven currencies.
KUALA LUMPUR: The ringgit opened lower against the US dollar today as the greenback strengthened on renewed interest in safe haven currencies in light of the crisis in the Middle East, an analyst said.
“While it remains to be seen whether the military conflict can be resolved in the near term, concerns over crude oil prices is something that markets are anxious about.. whether it will create a shock in a tightly controlled market, what this would mean to inflation and subsequently how major central banks such as the US Federal Reserve would respond,” he told Bernama.
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.
30 years after Oslo, we should not give up on peace in Middle EastAs remote as an end to the conflict may appear today, ‘it always seems impossible until it’s done’.
Read more »
Govt ‘deeply concerned’ over violence in Middle EastWisma Putra asks the UN Security Council to convene and call for an end to the fighting.
Read more »
Wisma Putra: Malaysia deeply concerned over latest escalation of violence in Middle EastPUTRAJAYA, Oct 8 — Malaysia has expressed deep concern over the escalating clashes in and around the Gaza Strip, emphasising the need for an immediate halt to the loss of lives,...
Read more »
In striking Israel, Hamas also took aim at Middle East security realignmentDUBAI, Oct 8 — When Islamist group Hamas launched a spectacular attack against Israel, it also took aim at efforts to forge new regional security alignments that could threaten...
Read more »
Malaysia deeply concerned over latest escalation of violence in middle eastPUTRAJAYA: Malaysia has expressed deep concern over the escalating clashes in and around the Gaza Strip, emphasising the need for an immediate halt to...
Read more »
In striking Israel, Hamas also takes aim at Middle East security realignmentDUBAI, Oct 8 — When Islamist group Hamas launched a spectacular attack against Israel, it also took aim at efforts to forge new regional security alignments that could threaten...
Read more »