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The ringgit performance next week will be determined by oil prices, as well as the movement of US Treasury yields, said Axi chief global market strategist Stephen Innes.
NEW YORK: Oil prices jumped about 3% on Friday, hitting their highest levels in more than a year, following a stronger-than-expected U.S. jobs report and a decision by OPEC and its allies not to increase supply in April.
BRUSSELS (Reuters) - Belgian Prime Minister Alexander De Croo set out a roadmap for easing lockdown restrictions on Friday, even as COVID-19 infections rose, with restaurants, bars, gyms and cinemas set to reopen on May 1.
Tokyo: Japan will extend a virus state of emergency in the Tokyo area by a fortnight, officials said, less than five months before the Tokyo Olympics.
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.
Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic.
SINGAPORE/MELBOURNE: Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic.
China has targeted its economic growth at over 6 percent for 2021. It is a decisive move reflecting a high degree of certainty and confidence in the country's development amid a destabilized global economic outlook marred by the Covid-19 pandemic.
Low-cost carriers could help lead post-pandemic tourism recovery and help grow demand for travel.