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Ringgit soars 1.8% as new PM sworn in

The Star LogoThe Star2 mo ago

Ringgit soars 1.8% as new PM sworn in - The Star

Quick Summary:

KUALA LUMPUR: The ringgit climbed 1.8 per cent to its highest in over two months versus the US dollar on Thursday with the appointment of Datuk Seri Anwar Ibrahim as Malaysia’s 10th Prime Minister, thus easing the political uncertainty and the weak US dollar following the Federal Open Market Committee’s (FOMC) minutes.

Meanwhile, the ringgit was traded mostly higher against a basket of major currencies.

At 6 pm, the local note gained 815 percentage points to 4.4910/5000 against the greenback from Wednesday’s close of 4.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 19:43:00 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1557 (out of 2575 stories this day)

News Source URL: thestar.com.my

Language: English

Article Length: 404 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 1908600

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 11 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 8 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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The story "Ringgit soars 1.8% as new PM sworn in" was covered 2 months ago by The Star, a news publisher based in Malaysia.

How trustworthy is 'The Star' news outlet?

The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news.

The outlet is headquartered in Malaysia and publishes an average of 11 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #1908600
  • URL: https://beamstart.com/news/ringgit-soars-18-as-new-16692905608509

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