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KUALA LUMPUR: The ringgit clawed back to the 4.12-point level against the US dollar at opening today, a level last seen on March 24, 2021 as the greenback fell to three-week lows on Tuesday.
NEW YORK:A gauge of global equity markets rose to record highs on Tuesday, led by surging technology-related stocks, as Treasury bond yields eased after U.S. consumer price data for March showed the pace of inflation was not rising wildly.
Robust fundamentals behind the sustained demand
Asian shares were mostly higher on Tuesday with hopes growing for a global economic rebound despite surging coronavirus cases in many places.
KUALA LUMPUR: The ringgit opened marginally lower against the US dollar amid expectations of higher US bond yields ahead of the release of the March 2021 US Consumer Price Index (CPI) later today.
NEW YORK: The dollar fell slightly on Monday and a gauge of global equity markets slid from record highs last week as investors wait to see whether an expected jump in U.S. earnings will justify stock prices already trading at very high premiums.