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Ringgit continues upward momentum against US$
KUALA LUMPUR: The ringgit has extended its upward momentum against the greenback, as the US dollar retreated amidst concerns over the United States' (US) gross domestic product (GDP) data which revealed a lower-than-expected reading, said an analyst.
Ringgit retreats further against greenback at opening
KUALA LUMPUR: The ringgit retreated further against the US dollar at opening today, as the greenback continued to strengthen amid a rush to safe-haven assets.
Treasury Pulse - Forex, treasuries, bond, equity
INVESTORS’ risk appetite in global markets was mixed during the week amid month/quarter-end flows. Investors were monitoring a slew of tier-1 US data release to assess the direction of US interest rates and inflation expectations.
Great opportunity to buy battered stocks amid panic selling
BILLIONAIRE Warren Buffett once said that as an investor, it is wise to be “Fearful when others are greedy and greedy when others are fearful.”
Treasury Pulse
THE US dollar weakened by 0.24% to 96.810 as risk-on sentiment was spurred early in the week following the US-China trade truce.
