SAPPORO: An increasing number of public schools in Hokkaido have been installing air conditioners as a result of higher than usual temperatures in recent years.
KUALA LUMPUR: The ringgit was traded higher against the US dollar in the morning and was mixed against a basket of major currencies.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US dollar/ringgit is likely to gain a firmer footing as Malaysia’s monetary policy is expected to remain at status quo for the rest of the year. The US Manufacturing Purchasing Managers’ Index fell to 49.5 points in July while the 2-year US Treasury note yielded six basis points lower to 4.43 per cent, signalling that the US Federal Reserve would soon need to ease its restrictive monetary policy to support growth,” Mohd Afzanizam told Bernama.
"This warrants for BNM to maintain its present monetary policy stance which will be supportive to ringgit,” said Mohd Afzanizam.The local currency was lower versus the Japanese yen at 3.0327/0371 from 3.0173/0196 at Wednesday’s close but rose against the British pound to 6.0181/0265 from 6.0291/0330 and improved vis-a-vis the euro to 5.0576/0647 from 5.0633/0665 yesterday.
Ringgit Opening US Dollar Mohd Afzanizam Monetary Policy
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