KUALA LUMPUR: The ringgit continued its uptrend from last Friday’s closing to open higher today amid the weakening greenback and lower US Treasury yields, analysts said.
In February, the Malaysian currency, the ringgit, suffered its steepest decline in 26 years, hurting consumers and businesses. But as the government projects a recovery, is a turnaround in sight?
KUALA LUMPUR: The ringgit extended its positive performance to close higher against the US dollar on Friday in line with the positive momentum in regional currencies as more investors shifted from safe haven currencies, a dealer said.
(Bloomberg) Malaysia will increase civil servants’ salaries by more than 13% from December, as Prime Minister Anwar Ibrahim looks to counter rising living costs and a weak currency. Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketNYPD Arrests Over 300 Protesters in Crackdown on College CampusesFed to Signal Delay of Interest-Rate CutsThe Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire EconomyLilly Soars as Forecast Boost Shows Weight-Loss Dr