KUALA LUMPUR: The ringgit opened higher against the US dollar after the greenback had eased amidst growing concerns about the United States Federal Re...
: The ringgit opened higher against the US dollar after the greenback had eased amidst growing concerns about the United States Federal Reserve’s direction and China’s economy, said analysts.
At 9 am, the local note rose to 4.6355/6400 against the US dollar from 4.6535/6550 at Thursday’s close. He added that the USD/MYR is reaching an oversold position based on technical indicators such as the Relative Strength Index.Meanwhile, Malaysia’s GDP for the second quarter of 2023 is expected to grow at a slower pace at 3.3 per cent from 5.6 per cent in 1Q 2023.
“If that is the case, this would mark the fifth consecutive month of decline in exports and imports, signalling that the external is likely to weigh on the overall economic performance for 2023,” said Mohd Afzanizam.
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.
Man nabbed in Johor after allegedly stabbing girlfriend in Kuala LumpurKuala Lumpur: A man who fled after being suspected of stabbing his girlfriend in an incident in Bukit Antarabangsa here on Aug 6, was arrested by police in Bandar Dato’ Onn, Johor, yesterday.
Read more »
10 cars crushed after building beam collapses at Kuchai Entrepreneurs Park, say copsKUALA LUMPUR: At least 10 cars were crushed when a building beam collapsed at Kuchai
Read more »
Teens Jayden and Navineesh prove men can dance, tooThe duo will perform ‘Trans-formation’ at Sutra House in Kuala Lumpur this weekend.
Read more »
Threats to marine ecosystemFrom NAVYA RAJAN, KSI Strategic Institute for Asia Pacific, Kuala Lumpur.
Read more »
Ringgit opens easier as US$ strengthensKUALA LUMPUR: The ringgit traded lower against the US dollar at the opening today as the US Dollar Index (DXY) strengthened by 0.20 per cent to 103.419 points.
Read more »
Puncak Niaga to dispose Kuala Selangor land for RM306milThe group is expected to record a net loss of RM22.4 million from the disposal exercise.
Read more »