[ad_1] KUALA LUMPUR: The ringgit opened higher today as demand for the US dollar declined after the US Consumer Price Index (CPI) data came in lower than expected at 3.2…
Tag: forex
Flexible ringgit exchange rate has a role in reducing impact of external shocks – MoF
[ad_1] KUALA LUMPUR: The flexible ringgit exchange rate plays an important role in reducing the impact of external shocks on domestic economic activity, said the Ministry of Finance (MoF). Thus,…
Yuan hits one-week low as market eyes Biden-Xi summit, PBOC rate decision
[ad_1] SHANGHAI: China’s yuan eased to a more than one-week low against the dollar on Monday, as investors await a summit between the top leaders from the world’s two largest…
Malaysia-Pakistan joint commission revival urged for enhanced collaboration – Mettis Global Link
[ad_1] 1 PKR 287.54000 288.04000 288.04000 287.54000 11:51 AM 2 EUR 1.06890 1.06920 1.06920 1.06890 10:53 AM 3 GBP 1.22370 1.22391 1.22391 1.22370 10:53 AM 4 CHF 0.90184 0.90196 0.90196…
‘Fuel subsidy, forex liberalisation may drive inflation to 30% by December’
[ad_1] Photo by PIUS UTOMI EKPEI / AFP • Another report states why Lagosians spend one-third of wages on food• Analysts: Rising price of petrol, diesel significant contributor to inflation• Economic growth spurred…
India Cenbank Asks LSEG to Explain Forex System Outage – Source
[ad_1] MUMBAI (Reuters) – The Reserve Bank of India has sought an explanation from financial technology and data provider LSEG about an outage in the spot foreign exchange market on…
Ringgit opens lower against US dollar on rising US bond yields
[ad_1] KUALA LUMPUR: The ringgit opened lower against the US dollar today on rising US bond yields following Federal Reserve (Fed) chairman Jerome Powell’s hawkish statement on the US monetary…
Ringgit continues to end lower vs US dollar
[ad_1] KUALA LUMPUR: The ringgit continued to end lower against the US dollar for the third consecutive day today due to subdued demand for the local note. At 6 pm,…
UK commercial property firms in billion-pound merger talks
[ad_1] Combined market value just over £1 billion Combined assets close to £2 billion UK property sector ripe for consolidation The UK property sector received a jolt this morning with…
Ringgit closes lower vs US$ on lower IPO, technical correction
[ad_1] KUALA LUMPUR: The ringgit reversed the previous day’s gains to close lower against the greenback today due to lower Industrial Production Index (IPI) data and a technical correction after…