KUALA LUMPUR, Oct 12 — The ringgit snapped two consecutive days of gains to open lower against the US dollar on cautious sentiment despite the weaker performance of the...
Hindu mum Loh Siew Hong’s case: High Court rejects Perlis Islamic Council’s bid to gain access to her children for religious education
At 9am, the local note fell to 4.7200/7245 against the greenback from Wednesday’s close of 4.7145/7180. — Picture by Sayuti ZainudinKUALA LUMPUR, Oct 12 — The ringgit snapped two consecutive days of gains to open lower against the US dollar on cautious sentiment despite the weaker performance of the greenback.
Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said the 10-year US Treasury yield dropped by eight basis points to 4.58 per cent.At the same time, the Federal Open Market Committee minutes showed that Federal Reserve members believe one more rate increase is warranted with focus towards holding the rate steady thereafter, he said.
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