Ringgit set for best weekly rally since 1998 on oil prices


KUALA LUMPUR: The ringgit was poised for its biggest weekly advance since 1998 and stocks rallied as surging crude oil prices brightened prospects for Malaysia’s economy.

Asian shares rose yesterday and a gauge of the dollar fell after minutes of the Federal Open Market Committee’s latest meeting indicated the US central bank won’t rush to raise interest rates. Brent crude extended gains after rising 3.4% on Thursday.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , ringgit

   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
‘Muted optimism’
US existing-home sales decline as rates keep buyers sidelined
1Q GDP growth likely to have accelerated to 3.9%
MARC: Room to improve current account balance

Others Also Read