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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.
Bursa Malaysia is expected to see cautious trading this week, due to increasing market volatility, said Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng.
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.
KUALA LUMPUR: The ringgit appreciated against the US dollar at closing today, tracking the improved sentiment for the Chinese yuan following positive developments in Shanghai, amid concerns over recession in the United States (US).
GEORGE TOWN: After a two-year hiatus because of the Covid-19 pandemic, droves of devotees returned to attend physical prayer sessions and took part in rituals to mark the birth, enlightenment and death of the Buddha.
GEORGE TOWN: Penang’s streets were choked with tourists and locals who took advantage of yet another extended weekend holiday.
PETALING JAYA: The Malaysia Buddhist Festival (MBF) and 19 other Malaysian Buddhist organisations and temples are organising MYWesak60, a year-long celebration to commemorate Wesak Day’s 60th anniversary as a national public holiday.
GEORGE TOWN: After a two-year lull caused by Covid-19, Buddhists will be able to visit temples to pay homage to Buddha on Wesak Day tomorrow.