KERALA, (India): The Kerala police on Tuesday (July 2) exhumed body parts believed to belong to a woman, who went missing 15 years ago, from the septic tank of her husband’s home at Eramathoor near Mannar in the Alappuzha district.
KUALA LUMPUR: The ringgit strengthened against the US dollar at today’s opening after the United States reported weaker economic data , reinforcing the view that the economy is softening.At 9 am, the ringgit strengthened to 4.7100/7130 versus the greenback from Wednesday's close of 4.7180/7210.
"The ringgit could perform favourably today, possibly piercing the RM4.71 level on the back of weaker US economic data,” Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid told Bernama. To recap, the US released a series of economic data; the ISM Index for the services sector fell below the 50-point demarcation line to 48.8 points in June and the New Orders sub-index dropped significantly to 47.3 points.
Apart from that, the initial jobless claims were higher than anticipated, reaching 238,000 last week against consensus estimates, while the ADP employment report, which measures job creation in the private sector, fell to 150,000 in June from 157,000 a year ago, lower versus consensus estimates of 165,000.
The 2- and 10-year US Treasury note declined four and seven basis points, respectively, to 4.71 per cent and 4.36 per cent, while the US Dollar Index edged lower to 105.403 points last night against 105.722 points previously.The local currency retreated against the Japanese yen to 2.9180/9201 from yesterday’s close of 2.9149/9169, it once again breached the RM6.00-level, opened at 6.0057/0095 against the British pound from 5.9895/9933 at yesterday’s close, and weakened versus the euro to 5.
Ringgit US Dollar Mohd Afzanizam Abdul Rashid Economic Data ASEAN Jobless Claim
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