The ringgit rose to 3.9970 vs US dollar, the first time since June 2018 at 11.50am
THE ringgit rose to 3.9970 vs US dollar, the first time since June 2018 in late morning trade on Monday as the greenback slipped.
Bloomberg reported the dollar fell against all its Group-of-10 peers amid optimism about a global growth recovery. The offshore yuan strengthened to the highest since mid-2018.
The yen climbed 0.2% to 103.01 per dollar.The offshore yuan rose 0.8% to 6.4543 per dollar.The Bloomberg Dollar Spot Index fell 0.3%.The euro climbed 0.3% to $1.2253.The British pound advanced 0.2% to $1.3693.
A gauge of global stocks headed toward a record Monday as the rollout of vaccines and stimulus support eased concerns about the escalating pandemic. Gold and Treasury yields climbed.
Shares jumped in South Korea and Australia, but underperformed in Japan after Prime Minister Yoshihide Suga said he’s considering declaring a state of emergency for the Tokyo area to stem a surge in virus infections. S&P 500 futures fluctuated after the benchmark closed at an all-time high on Dec. 31. Gold climbed to the highest level in almost two months.
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