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The ringgit opened higher against the US dollar this morning, despite rising demand for the safe-haven currency.

The ringgit opened slightly higher against the US dollar on Thursday, supported by the yuan's stabilisation after the People's Bank of China decided against cutting rates earlier this week

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.

At 8 am, the local currency climbed to 4.4600/4700 against the greenback.

The local currency's performance was primarily driven by the US Federal Reserves' 50 basis points policy rate cut.

Fiscal policy shifts and external risks, such as geopolitical tensions, could still influence the central bank's stance, says Kenanga.

The ringgit remained unchanged at 4.4295/4350 compared to the greenback from last Friday's close of 4.4295/4350.

Dr Mohd Afzanizam Abdul Rashid said the USD/MYR would linger near its immediate support level of RM4.40 today.

The ringgit opened higher against the US dollar today as cautious global economic sentiment prompted some investors to shift towards emerging currencies, including the ringgit, a dealer said.

Google pledged a USD2 billion investment in Malaysia's data and cloud infrastructure, including its second Southeast Asian data centre. Country Director Farhan Qureshi highlights the economic benefits and Malaysia's readiness to support tech giants' growth plans.

The ringgit continued to open lower against the U.S. dollar amid higher-than-expected U.S. inflation data which suggested the Federal Reserve (Fed) might keep the interest rate steady.

MACC's Nur Aida Arifin said the matter was revealed by ex-1MDB CEO, Mohd Hazem Abdul Rahman.

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Throughout history, the US has often attempted to resolve its economic issues through military interventions across the globe.

The US dollar firmed up in late trading on Wednesday as US leaders expressed optimism over debt limit negotiations, reported Xinhua.

Israel confirms names of three women after they were handed over to Israeli military in Gaza by the International Committee of Red Cross.

KTMB says 210,000 of the 270,000 train tickets allocated in conjunction with the Chinese New Year season have been sold.

Fahmi Fadzil says the losses from scams and fraud committed on these platforms easily reached hundreds of millions of ringgit.

Fan Weiqiu was convicted ramming his car into the crowd at a sports centre in November last year, causing heavy casualties.

Rafizi Ramli says the country is now in a good position, attracting foreign investors and being seen as a strategic gateway to ASEAN.

Authorities says security was being beefed up at the Seoul Detention Centre where Yoon Suk-Yeol is being held as a pre-trial inmate.

Donald Trump is the first US president since the 19th century to win a second term after losing the White House.

Steven Sim says the first paradox is the low median wage, which does not align with the country's low unemployment rate.

Here's some facts about the facility and what is expected to unfold for the former prosecutor-turned-president.

Trump says the executive orders he is about to sign includes border security, energy, federal government spending, TikTok, DEI programmes.