Currency / Forex across Malaysia
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Ringgit hits 10-month low against Singapore dollar on stock outflows
The Malaysian ringgit fell to its lowest level since November against the Singapore dollar, pressured by continued foreign stock outflows. The Singapore dollar was supported by its central bank's hawkish policy stance, while fiscal concerns in Malaysia added to investor caution.
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Yen hits near seven-month high as oil surge pressures dollar
The Japanese yen strengthened to 153.65 per US dollar, near a seven-month high, as escalating Middle East conflict pushed oil prices towards US$100 per barrel. The dollar weakened against major currencies ahead of a key US inflation report. Traders expect the Bank of Japan to raise rates at its upcoming meeting.
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Ringgit opens higher against US dollar as greenback weakens
The Malaysian ringgit opened higher against the US dollar on Wednesday, trading at 4.0560/0635, as the greenback weakened. Market analysts are weighing the prospects of interest rate hikes by the US Federal Reserve and the Bank of Japan, which are influencing currency movements.