Ringgit rebounds on softer US$ after PMI data
KUALA LUMPUR: The ringgit rebounded in early trade Wednesday as the US dollar retreated after S&P Purchasing Managers' Index data disappoint.
Stay updated with breaking news from Forex. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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...