Page 6 - Forex News Today

KUALA LUMPUR: The ringgit rebounded in early trade Wednesday as the US dollar retreated after S&P Purchasing Managers' Index data disappoint.

KUALA LUMPUR: The ringgit is poised to strengthen this year, driven by significant events which could bolster the local currency.

Comments by Finance Minister Shunichi Suzuki came after the dollar rose to ¥154.85, its strongest levels against the Japanese currency since 1990.

The rupiah is among Asian currencies that have weakened against the US dollar this year. It’s a double-edged sword for workers, and industries that import raw materials will be hit, economists say.

DAKAR: Suspected extremists in central Mali are holding more than 110 civilians whom they abducted six days ago, local sources told AFP on Monday. Three buses carrying the civilians were stopped on April 16 by “jihadists,” who forced the vehicles and the passengers to head toward a forest between Bandiagara and Bankass, a local group of associations and an elected...

RIYADH: Saudi Arabia’s Project Masam cleared 857 mines in Yemen — which had been planted by the Houthi militia — between April 13 to 19, according to a recent report. Overseen by the Kingdom’s aid agency KSrelief, the project’s special teams destroyed 782 items of unexploded ordnance and 75 anti-tank mines. The explosives, which were planted indiscriminately by the Houthis across...

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan arrived in Luxembourg on Sunday to participate in a high-level forum on regional security and cooperation between the Gulf Cooperation Council and the EU. He will discuss with participants at the forum ways to enhance cooperation between the GCC and the EU in various fields, the importance of multilateral coordination, and regional...

BERLIN: Germany said on Saturday it will send a new frigate to the Red Sea in August to help secure maritime traffic, which has been disrupted for months due to Houthi attacks....

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