Higher US yields and Middle East conflict influenced the financial markets’ reaction, says analyst.
KUALA LUMPUR: The ringgit extended its downtrend to end lower against the US dollar today as investors remained cautious amid rising tension in the Gaza Strip, an economist said.
“The combination of higher US yields and increased tension in the Middle East after a hospital was hit by a missile of unknown origin has influenced the financial markets’ reaction and sealed the gloomy intraday fate for the ringgit,” he told Bernama.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil prices edge higher ahead of Biden Middle East tripNEW YORK: Oil prices edged higher on Tuesday (Oct 17) as investors wait to see if US diplomatic efforts and a trip by President Joe Biden to Israel wi...
Read more »
Ringgit opens higher as US dollar index declinesKUALA LUMPUR: The ringgit opened higher versus the US dollar this morning following a decline in the US Dollar Index (DXY) as investors awaited furthe...
Read more »
— The UN Security Council yesterday rejected a Russian resolution condemning spiralling violence in the Middle EastNEW YORK, Oct 17 — The UN Security Council yesterday rejected a Russian resolution condemning spiralling violence in the Middle East, with delegates refusing to back a motion...
Read more »
Most Asian markets rise as Biden prepares for Middle East tripThe drive to avert a broader regional conflict also resulted in a decline in oil prices.
Read more »
Wall Street ends up on earnings optimism, eyes remain on Middle EastNEW YORK: Major US stock indices ended sharply higher on Monday (Oct 16) as investors were optimistic about the start of earnings season, while transp...
Read more »
Putin pushes need for talks in calls with Middle EastVladimir Putin says he wants to help prevent a humanitarian disaster in Gaza.
Read more »