KUALA LUMPUR, Aug 11 ― The ringgit ended lower against the US dollar today, in line with most other emerging currencies as more investors shifted towards the safe-haven currencies, dealers said. At 6pm, the local note was lower at 4.2380/2420 versus the greenback compared with 4.2270/2300 at...
KUALA LUMPUR, Aug 11 ― The ringgit ended lower against the US dollar today, in line with most other emerging currencies as more investors shifted towards the safe-haven currencies, dealers said.
At 6pm, the local note was lower at 4.2380/2420 versus the greenback compared with 4.2270/2300 at Monday’s close.A dealer said there was growing concerns among investors after the US job data released recently showed strong wage gains, strengthening the case for a tighter monetary policy. “The worries over escalating Covid-19 cases locally continue to give negative sentiment to the market.
“However, the steady benchmark Brent crude oil prices which stood at above US$70 per barrel, has halted the local note from dipping further,” he told Bernama.The Ministry of Health reported 20,780 new Covid-19 cases today, the country’s second highest daily figure ever, just behind the 20,889 cases recorded on August 6 and bringing the cumulative total infections to 1,320,547 cases.The ringgit rose against the Japanese yen to 3.8253/8292 from 3.
It strengthened against the Singapore dollar to 3.1159/1191 from 3.1179/1206 and was higher against the British pound at 5.8539/8595 from 5.8717/8759 previously. ― 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.
Ringgit ends lower against US dollar | Malay MailKUALA LUMPUR, Aug 9 — The ringgit closed lower against the US dollar on Monday as the high number of daily Covid-19 cases continued to weigh on sentiment, a dealer said. At 6pm, the local note stood at 4.2270/2300 versus the greenback compared with 4.2180/2205 at the close last Friday. The dealer...
Read more »
Ringgit extends losses to open lower against US dollar | Malay MailKUALA LUMPUR, Aug 11 — The ringgit extended its losses against the US dollar to open lower today as the greenback strengthened on positive United States (US) economic data. At 9.03am, the local note stood lower at 4.2400/2430 versus the greenback compared with 4.2270/2300 at Monday’s...
Read more »
US forward Sargent joins Norwich from Werder Bremen | Malay MailLONDON, Aug 10 ― US forward Josh Sargent has joined Premier League Norwich City from Werder Bremen on a four-year deal, the newly-promoted club said on Monday. Financial details were not disclosed. Sky Sports television put the figure at £8 million (RM46.8 million). The 21-year-old scored 15...
Read more »
Blinken speaks to Saudi minister, repeats US call for rights progress | Malay MailWASHINGTON, Aug 10 ― US Secretary of State Antony Blinken spoke with Saudi Foreign Minister Faisal bin Farhan Al Saud yesterday and repeated a call for progress on human rights. A State Department statement said Blinken and the Saudi minister discussed regional security and the attack last month...
Read more »
Mexico discusses Covid-19 vaccines, border, migration with US vice president | Malay MailMEXICO CITY, Aug 10 ― The US government will send additional Covid-19 vaccines to Mexico, a Biden administration official said yesterday, as Mexican President Andres Manuel Lopez Obrador and US Vice President Kamala Harris spoke by telephone. Earlier, Lopez Obrador said he and Harris would...
Read more »
North Korea says US, South Korea will face new threats for military drills | Malay MailSEOUL, Aug 10 ― South Korea and the United States will face even greater security threats for going ahead with scheduled joint military drills due to begin this week, Kim Yo Jong, a powerful North Korean official and sister of leader Kim Jong-un said today. South Korea and the United States will...
Read more »