Local note’s decline was in line with the performance of most Asian currencies. FMTNews Currency Ringgit Markets Tradings
KUALA LUMPUR: The ringgit opened lower against the US dollar today as investors turned cautious on the local note, as fears of a second wave of Covid-19 fuelling demand for the safe-haven currencies such as the US dollar.
As at 9.18am, the ringgit was quoted at 4.2770/2830 against the US dollar from 4.2750/2810 at the close yesterday. A dealer said the decline in the ringgit was in line with the performance of most Asian currencies, as investors adopted a risk-off approach and cut their positions on most Asian currencies, in favour of the near-term appeal of the greenback.It fell against the Singapore dollar to 3.0745/0800 from 3.0716/0763 and decreased against the yen to 3.9894/9961 from 3.9875/9942 at the close yesterday.
The local note was higher against the British pound to 5.3116/3195 from 5.3177/3268 and rose against the euro to 4.7971/8042 from 4.7991/8067 previously.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Teraju must boost digitalisation of local entrepreneurs | New Straits TimesKOTA KINABALU: The Bumiputera Agenda Steering Unit (Teraju) must help improve digital economic skills among local entrepreneurs to enhance their business capabilities post the Covid-19 pandemic.
Read more »
ADB: Malaysia’s Q1 local currency bond rises to RM1.5t amidst Covid-19 | Malay MailKUALA LUMPUR, June 25 ― Malaysia’s local currency bond market expanded 2.9 per cent quarter-on-quarter (q-o-q) in the first quarter of 2020 (Q1 2020) to RM1.5 trillion as both the government and corporate bonds segments grew amidst Covid-19, Asian Development Bank (ADB) said. In its latest...
Read more »
Police nab local man over alleged rape of Nigerian woman | Malay MailKUALA LUMPUR, June 24 — A local man who was previously arrested over the suspected assault of a Nigerian woman has been arrested again, this time over an allegation that he raped the victim. The 44-year-old man, along with two other male suspects, were detained on June 4 over the assault...
Read more »
Taiwan investigates possible first local virus case in two monthsCORONAVIRUS | The woman, who arrived in Taiwan as a student in late February, tested positive after returning to Japan on June 20, though she was asymptomatic.
Read more »
Germany orders first local virus lockdowns since easing | Malay MailGUTERSLOH, June 24 — German authorities yesterday ordered fresh coronavirus lockdowns in two districts — the first since easing restrictions and a major setback for hopes of a swift return to normality. The new lockdowns in Guetersloh and neighbouring Warendorf in western Germany came after a...
Read more »