Ringgit rises on positive global sentiment
KUALA LUMPUR: The ringgit continued yesterday's upbeat momentum to open higher today, responding to the positive news globally, a dealer said.
At 9.01 am, the local currency improved to 4.4470/4500 versus the greenback from Tuesday's close of 4.4480/4510.
SPI Asset Management managing partner Stephen Innes said the better ringgit performance took cues from reports that Russian gas would flow via Nord Stream 1 after the maintenance period ends on Thursday.,
"This has temporarily alleviated some more deeper recession risks and the markets have cheered this news. However, a bigger ringgit rally expectations will likely be deferred until China moves out of lockdown,” he told Bernama.
The ringgit traded mostly higher against a basket of major currencies.
The local currency went up versus the Japanese yen to 3.2192/2216 from 3.2323/2347 on Tuesday and was marginally higher versus the British pound to 5.3435/3471 from 5.3478/3514 yesterday.
It appreciated vis-a-vis the euro to 4.5564/5595 from 4.5592/5623 on Tuesday's close but weakened against the Singapore dollar to 3.1972/2001 from 3.1943/1966 previously. - Bernama
The latest funding round brings the total amount raised by TNG Digital over the last 18 months to over RM1 billion.可以看看，不会失望
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The physical CPO price for August South rose by RM400 to RM4,450 a tonne. - Bernama这网站的都挺好看
KUALA LUMPUR: IOI Corp Bhd expects its plantation segment’s financial performance for the financial year ending June 30, 2023 (FY23) to decline due to the drop in crude palm oil (CPO) price from the historical high levels in FY22.还行呢，比预想的好