KUALA LUMPUR: A 53-year-old man has been charged with the murder of his mother in an incident three years ago.
KUALA LUMPUR: The ringgit opened weaker against the US dollar on Tuesday as the greenback regained strength, supported by a rebound in the US Dollar Index from recent declines.
At 8 am, the ringgit traded at 4.4590/4700 against the US dollar, softening from Monday’s close of 4.4495/4570. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the market had responded positively to news of hedge fund manager Scott Bessent heading the US Treasury Department."As a result, the ringgit may benefit from a potential shift away from the US dollar to other emerging market currencies,” he told Bernama.It appreciated against the British pound to 5.5862/6000 from 5.5939/6033 and rose against the euro to 4.6548/6662 from 4.6662/6741 at Monday’s close.
It fell against the Singapore dollar to 3.3032/3118 from 3.3028/3088, declined against the Philippine peso to 7.56/7.58 from 7.54/7.56, and slipped vis-à-vis the Indonesian rupiah to 280.7/281.5 from 280.1/280.7.Trading ideas: IJM, RHB, MR DIY, Haily, Infomina, Radium, Key Asic, TMK, TopVision, KPJ, PetDag, KLCCP, SP Setia, IOI Prop, MPI
Ringgit US Dollar Opening Dr Mohd Afzanizam Abdul Rashid Scott Bessent
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