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Ringgit slips further versus US dollar
PETALING JAYA: A combination of factors including the rise in 10-year US Treasury yield and China’s modest 2021 gross domestic product growth forecast have weighed on the ringgit’s performance against the US dollar Friday, despite firmer oil prices.
Asia markets track Wall St plunge as rate hike fears grow
Asian markets fell further on Friday after Federal Reserve boss Jerome Powell failed to soothe fears of a surge in inflation fuelled by the expected global economic recovery, which many warn could force the central bank to hike interest rates earlier than thought.
Ringgit lower on surging US bond yields
KUALA LUMPUR: The ringgit opened lower versus the US dollar on Friday due to the strengthening greenback, which was supported by the surging US bond yields, dealers said.
Asia markets resume losses as inflation fears take hold again
HONG KONG (AFP): Asian investors retreated as the rollercoaster ride on global markets continued, with fears over inflation winning the tug of war with vaccine optimism on Thursday (March 4).
Ringgit opens lower as US$ jumps on higher Treasury yields
KUALA LUMPUR: The ringgit failed to maintain its gains at the opening on Thursday, as it traded lower by 30 basis points (bps) against the US dollar, on lack of buying interest, said an analyst.
Oil rises as U.S. vaccine progress raises demand expectations
SINGAPORE: Oil prices rose on Wednesday as signs of progress in the COVID-19 vaccine rollout in the United States, the world's biggest consumer, raised demand expectations.
Asian equities advance but inflation, correction worries persist
HONG KONG (AFP): Asian markets rose Wednesday (March 3) following the previous day's losses but investors remain on guard over a possible correction as concerns about asset bubbles and a surge in inflation continue to play against progress in fighting coronavirus.
Ringgit rises on moderate buying interest
KUALA LUMPUR: The ringgit remained higher versus the US dollar at Wednesday’s opening on moderate buying interest amid a drop in the greenback against the G-10 currencies.
Most Asia markets up again after Wall St surge, stimulus in view
HONG KONG (AFP): Asian markets mostly advanced again Tuesday (March 2), building on a global rebound from last week's rout as concerns about rising bond yields subsided and investors turned their attention back to the improving economic outlook and improving vaccine rollouts.
Ringgit slightly higher on mild buying interest
KUALA LUMPUR: The ringgit was slightly higher at opening on Tuesday, buoyed by mild interest despite the stable US dollar and lower crude oil price which is trading at US$63.69 per barrel, down by 1.13 per cent.
