ISKANDAR PUTERI: A big explosion rocked residents of Lima Kedai here following a major fire that hit a factory at the Dato Yunus Sulaiman industrial park here.
KUALA LUMPUR: The ringgit opened higher today, bolstered by a softer US dollar as markets in the United States were closed on Monday for Memorial Day , said an analyst.
Bank Muamalat Malaysia Bhd's chief economist, Dr Mohd Afzanizam Abdul Rashid, remarked that in the absence of major economic data, the ringgit is likely to remain cautious. "Several Fed officials will be sharing their thoughts on the state of the economy, likely reiterating the need to maintain restrictive monetary policy to bring inflation towards their two per cent goal,” he told Bernama.The local unit appreciated against the Japanese yen to 2.9888/9924 from Monday’s 2.9919/9953, and edged up against the euro to 5.0952/1006 from 5.1005/1059.The local currency also traded higher against its ASEAN peers.
Ringgit US Dollar Fed PCE Memorial Day Mohd Afzanizam Abdul Rashid Bank Muamalat
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