Ringgit opens higher against US dollar
The ringgit rose against the US dollar this morning on improved demand for the local note. — Reuters pic
KUALA LUMPUR, June 14 — The ringgit rose against the US dollar this morning on improved demand for the local note amid global geopolitical uncertainties and the unresolved US-China trade dispute, a dealer said.MIDF Research in a note said an attack by an unknown party on two oil tankers in the Gulf of Oman and Strait of Hormuz has put the Arabian/Persian Gulf region which produces much of the world’s oil supply, on the edge.
“Meanwhile, Walmart Inc, Target Corp and more than 600 other companies urged US President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers,” it said.It appreciated against the Singapore dollar to 3.0454/0495 from 3.0477/0504 at yesterday’s close, depreciated versus the yen to 3.8422/8471 from 3.8401/8440 but strengthened against the euro to 4.6938/7011 from 4.7006/7061.
Vis-a-vis the pound, the local unit was unchanged at 5.2766/2834 to 5.2766/2825 at last Thursday’s close. — 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 opens lower against US dollar | Malay MailKUALA LUMPUR, June 13 — The ringgit declined against the US dollar on Thursday morning as investors anticipate the resumptions of a trade war between the US and China, a dealer said. At 9am, the ringgit was at 4.1620/1650 against the greenback from 4.1550/1600 at yesterday’s close. President...
Read more »
Ringgit ends firmer against US dollar | Malay MailKUALA LUMPUR, June 12 — The ringgit finished higher against the US dollar today, boosted by some buying interest after the greenback slipped for the second consecutive day, said a dealer. At 6pm, the local note improved to 4.1550/1600 against its US counterpart from 4.1610/1650 yesterday. He said...
Read more »
Cabinet has approved US drone acquisition, says deputy defence minister | Malay MailTAIPING, June 13 — Twelve units of ScanEagle drones or unmanned aerial vehicles (UAV) valued at almost RM80 million and acquired from the United States (US) had received approval from the Cabinet ministers. Deputy Defence Minister Senator Liew Chin Tong said all the drones were acquired without...
Read more »
McIlroy eyes fast US Open start in bid to end major drought | Malay MailPEBBLE BEACH (California), June 13 ― Former champion Rory McIlroy, aiming to halt a streak of three missed cuts at the US Open, is looking for a solid start today in the third major of the year at Pebble Beach. McIlroy, who finished tied for 21st at the Masters and tied for eighth at last month's...
Read more »
Ringgit opens higher against US dollarThe ringgit rises against the US dollar as fears of a trade war between the US and Mexico simmered down, a dealer said. usdollar ringgit
Read more »
Ringgit opens lower against US dollarThis occurs as investors anticipate a resumption of the US-China trade war, says a dealer.
Read more »