KUALA LUMPUR, June 19 ― The ringgit opened lower today against the greenback on fresh trade tensions between the United States and China. As at 9am, the ringgit was quoted at 4.2780/2880 from yesterday’s close of 4.2750/2800. An analyst said the fresh threat by President Donald Trump to cut...
As at 9am, the ringgit was quoted at 4.2780/2880 from yesterday’s close of 4.2750/2800. — Reuters pic
“With consumption at a low point now due to rising unemployment globally, the trade spat will only put a grinding stop in the economic recovery especially for emerging markets,” she said. Yesterday, President Donald Trump renewed his threat to cut ties with China, a day after the country’s Trade Representative Robert Lighthizer told Congress he did not see decoupling the US and Chinese economies as a viable option.Over the past decade, China's global trade has grown steadily and as of 2019, it holds about 15 per cent of the global trade share worth approximately US$5.2 trillion with its largest export being telecommunication systems and smartphones.
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 on fresh US-China spatAmerican threat to cut ties expected to worsen already sluggish global economy. FMTNews Ringgit
Read more »
Ringgit eases against US dollar on weak economic sentiment | Malay MailKUALA LUMPUR, June 17 — The ringgit eased against the US dollar today on lack of demand due to weak economic sentiment over a spike in the country’s unemployment rate, said an analyst. At 6pm, the ringgit was traded at 4.2780/2830 from yesterday’s close of 4.2700/2790. The Department of...
Read more »
Ringgit opens slightly higher against US dollar | Malay MailKUALA LUMPUR, June 18 — The ringgit opened slightly higher driven by local investors as international players are staying on the sidelines, waiting for a clearer market direction. At 9am, the ringgit was quoted at 4.2750/2850 from 4.2780/2830 of yesterday's close. According to an analyst,...
Read more »
Ringgit closes higher against US dollar | Malay MailKUALA LUMPUR, June 18 — The ringgit closed marginally higher against the US dollar today, supported by the better oil prices, analysts said. At 6pm, the ringgit was quoted at 4.2750/2800 from 4.2780/2830 at yesterday’s close. Oil benchmark Brent crude was trading 0.66 per cent firmer at...
Read more »
Ringgit opens slightly higher against US dollarLocal investors drive demand up against greenback as others wait for direction. FMTNews US
Read more »