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Ringgit almost at one-year low

PETALING JAYA: The ringgit extended its fall to a near one-year low against the US dollar yesterday, as investor anxiety ahead of Budget 2019 that will be unveiled this Friday added to a growing list of concerns.

Mixed sentiment: An investor at a private stock market gallery in Kuala Lumpur yesterday. Asian stock prices were mixed after Wall Street extended its slide, fuelling concerns about the global market outlook. — AP

Treasury Pulse

THE dollar appreciated by 0.63% to 96.7 as investors flocked to safe-haven assets due to the rout in the equity market. The Dow Jones lost 1.31% to 24,984.55 while the S&P 500 tumbled 1.83% to 2,705.57.

US stock index futures sink as Amazon, Alphabet spark fresh selloff

BENGALURU: US stock index futures plunged on Friday as disappointing results from behemoths Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, ahead of data that will likely show U.S. economic growth slowed last quarter.

Ringgit slips further as investors await Budget 2019

KUALA LUMPUR: The ringgit continued to extend its loss against the US dollar by opening lower today with investors waiting on the sidelines due to the upcoming 2019 budget release next Friday, said a dealer.

China banks’ net forex sales hit 15-month high

BEIJING: Net foreign exchanges sales by China’s commercial banks rose to their highest in 15 months in September, signalling increased capital outflows as the yuan falls in a slowing economy pressured by a bitter trade war with the United States.

Ringgit rises marginally ahead of CPI data

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today as buying interest in the local note recovered ahead of the release of the Consumer Price Index (CPI) data, dealers said.

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