The Malaysian Ringgit exhibits strength in its exchange rate against the US Dollar at the close of trading.

Quick Summary:

KUALA LUMPUR: The ringgit closed higher against the US dollar today amid market uncertainties after the United States released a weaker manufacturing data for May, which raised the possibility of interest rate cuts this year.

"While the ringgit was positive today, the degree of uncertainty remained high.

However, it strengthened versus the Philippine peso to 8.00/8.01 from 8.03/8.05 last Friday.

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Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingaporeUnited States

Topics: Mohd Afzanizam Abdul Rashid Forex /Business/Business News US dollar Federal Reserve Ringgit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-04 @ 19:13:00 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21149075

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 44 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 46 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #22

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