KUALA LUMPUR, Aug 23 — The ringgit remained well-supported against the US dollar, closing the trading week at the 4.37 level. Bank Muamalat Malaysia Bhd chief economist Mohd...
‘This isn’t why I brought my mom to Malaysia,’ says son of woman who fell into Jalan Masjid India sinkhole
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said market participants are waiting for the United States Federal Reserve chair Jerome Powell’s speech at the Jackson Hole Symposium tonight for further confirmation of a potential rate cut next month. Mohd Afzanizam noted that the ringgit has continued to strengthen, adding that the local currency was also firmer against other major currencies, including the euro, British pound, and the Singapore dollar.“This calls for caution, as if the speech turns out to be uneventful, the US dollar could reverse its losses. It’s a delicate situation since the ringgit has appreciated by 0.17 per cent on a week-on-week basis,” he told Bernama.
“The current resistance level is at RM4.3000, and given the positive economic data for Malaysia, the pair might be heading in that direction,” he said.The local currency strengthened against the Japanese yen to 2.9914/9956 from 3.0051/0082 at the close yesterday, improved vis-a-vis the euro to 4.8604/8665 from 4.8744/8789 yesterday and appreciated against the British pound to 5.7391/7463 from 5.7431/7483 previously.The ringgit gained against the Singapore dollar to 3.3410/3454 from 3.
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.
![[VIDEO] Woman Is Swallowed By 8M Sinkhole That Opened Up In Kuala Lumpur](https://i.headtopics.com/images/2024/8/23/saysdotcom/video-woman-is-swallowed-by-8m-sinkhole-that-opene-video-woman-is-swallowed-by-8m-sinkhole-that-opene-3EB99F1CF019742518FA1BD7B706A7F8.webp?w=640)
[VIDEO] Woman Is Swallowed By 8M Sinkhole That Opened Up In Kuala LumpurAs of 3pm, the search and rescue operation is still underway.
Read more »
Vale and Mysteel bring Asia Iron Ore Summit 2024 to Kuala LumpurKUALA LUMPUR: Vale, one of the world’s leading mining companies, is partnering with Mysteel, one of Asia’s leading commodity media and data service pr...
Read more »
Mercedes-Benz FashionWeek Kuala Lumpur 2024 – 6th edition showcases cutting-edge, sustainable fashionThe Mercedes-Benz FashionWeek Kuala Lumpur (MBFWKL) 2024 concluded yesterday, wrapping up three days of cutting-edge fashion and designs that the carmaker says “intertwine with Mercedes-Benz vehicles to form a special connection in defining luxury”.
Read more »
Thailand hopes to attract more Malaysian tourists via Kuala Lumpur-Chiang Mai direct flight routeSocial media posts featuring photos of Pennsylvania man Brian Posch are circulating online, claiming that the father and husband is currently missing, sometimes calling him by different names. But Posch died months earlier.
Read more »
Kuala Lumpur is third most popular summer flight destination on Agoda behind Bangkok and SeoulKUALA LUMPUR, Aug 19 — Digital travel platform Agoda announced its top five international flight destinations and Kuala Lumpur proved to be the third most popular city in the...
Read more »
Lotus Kuala Lumpur Flagship Store in Glenmarie – 1,765 sq ft outlet with delivery bays, configurator roomToday’s Malaysian launch of the Lotus Emeya coincided with the official opening of the Lotus Kuala Lumpur Flagship Store. Located not in the city but in Glenmarie, Shah Alam, the sprawling outlet nevertheless represents an …
Read more »