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Malaysian ringgit at 26-yr low, yuan wobbly after China cuts mortgage reference rates

Malaysia's ringgit reached a 26-year low as emerging Asian currencies weakened against the dollar on Tuesday, while the Chinese yuan slid after China cut its benchmark mortgage rate by more than expected, but found support from state bank buying. ....

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Ringgit opens higher against major currencies except US$

KUALA LUMPUR: The ringgit traded higher against major currencies but was marginally lower against the US dollar at the opening today on a cautious tone ahead of the US Federal Open Market Committee (FOMC) meeting minutes’ publication this week, said an economist. ....

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EU launches mission Aspides to protect Red Sea vessels from Houthi attacks

BRUSSELS The European Union on Monday formally launched a bespoke naval mission to protect commercial vessels in the Red Sea from attacks by Houthi rebels.Mission ‘Aspides’ Greek for shield. ....

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Optimism onthe ringgit remains

PETALING JAYA: The ringgit has fallen against most Asean currencies, and not just the US dollar, in the past five years as Bank Negara and successive governments struggled to solve long-term structural issues hammering the ringgit. ....

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Unexpected PBOC key borrowing cut drives ringgit lower

KUALA LUMPUR: The People’s Bank of China (PBOC) unexpectedly cutting its key borrowing rate more than what the market anticipated drove major regional currencies, including the ringgit, to trade lower against the US Dollar, mirroring the trend of the Chinese renminbi. ....

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