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KUALA LUMPUR: The ringgit ended the day unchanged against the US dollar today, as market sentiment remained fragile due to the global interest rate environment.
Emerging markets: Bank Indonesia's policy meeting on Tuesday awaited as Asian FX edges higher as dollar weakens
Asian currencies overcame early market pressure to edge higher against a tepid US dollar on Monday, while the Singaporean dollar rose to a 2-1/2-week high after data showed the city-state witnessed its fastest rise in core inflation in a decade.
Oil prices gained on Monday with United States. fuel demand, tight supply and a slightly weaker US dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled worries about a sharp slowdown in growth.
HONG KONG: Asian stocks weakened on Monday as investors worried inflation and rising interest rates would hamper the global economic outlook and China's COVID-19 situation weighed on sentiment, with tech firms particularly hit.
KUALA LUMPUR: The ringgit opened unchanged against the US dollar today amid the Cabinet meeting today to discuss cost of living and food supply issues, said an analyst.
WASHINGTON: As a popular digital currency crumbled this month, two unlikely allies in the United States Senate stepped up their campaign to bring regulation to the US$1.3 trillion (RM5.7 trillion) crypto market.
The ringgit is expected to move range-bound between RM4.38 and RM4.40 against the US dollar this week as investors mull cutting their long US dollar exposure in G10 currencies due to rising worries over a possible global recession, said an analyst.
KUALA LUMPUR: The ringgit is expected to move range-bound between RM4.38 and RM4.40 against the US dollar next week as investors mull cutting their long US dollar exposure in G10 currencies due to rising worries over a possible global recession, said an analyst.
Seasoned investors say the biggest risk of buying overseas shares is the lack of knowledge