On Dec 26, the Emmy-winning series returns for round two.
KUALA LUMPUR: The ringgit finished stronger against the US dollar today, supported by rising oil prices which benefitted Malaysia as an oil exporter.The ringgit has outperformed other Southeast Asian currencies year to date by posting nearly a 2.8 per cent gain against the US dollar.
As of the time of writing, Brent crude had breached US$74 per barrel, while West Texas Intermediate stood above US$70 per barrel, supported by expectations of increased demand from China following news of new stimulus measures along with a decline in US crude inventories by 3.2 million barrels last week.
It was reported that Chinese authorities will issue a record US$411 billion in special treasury bonds next year as Beijing increases fiscal stimulus to revive its struggling economy. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said that expectations of a global economic rebound are likely to drive higher oil demand, thereby supporting the ringgit.It appreciated versus the Japanese yen to 2.8373/8405 from Tuesday’s close of 2.8547/8586, firmed against the British pound to 5.5967/6023 from 5.6209/6278, and rose vis-a-vis the euro to 4.6448/6495 from 4.6603/6660.It improved versus the Singapore dollar to 3.2875/2913 from 3.
However, it was lower against the Philippine peso at 7.70/7.71 compared with 7.66/7.68 previously. - Bernama
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