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KUALA LUMPUR: The ringgit ended the week higher against the US dollar today despite the greenback’s resiliency which stayed strong amid fading hopes of an early US rate cut and strong United States (US) economic data, dealers said.
US Markets Dip on Economic Data and China Trading Restrictions Dow Slips 0.7%, S&P and Nasdaq Down 0.3% and 0.2% Respectively US Non-Manufacturing PMI Hits 4-Month High at 53.4 US Dollar at 11-Week High, Yields Rise to 4.16% Asian Markets Slide Following China's Trading Curbs China Tightens Restrictions on Domestic and Offshore Investors to Curb Stock Rout Nikkei Declines
The Japanese yen weakened against other major currencies in the Asian session on Tuesday, after the Bank of Japan left its massive monetary stimulus unchanged and downgraded its inflation outlook for the next fiscal year.
Spot gold was up 0.2% to $2,024.49 per ounce by 11:28 a.m. ET (1628 GMT). US gold futures also gained 0.2% to $2,025.70.
European stocks closed lower on Monday after spending almost the entire duration of the day's session in negative territory, as the mood remained cautious ahead of crucial economic data from across the European region, the U.