local currency

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

The ringgit traded higher against the US Dollar in today's early session, driven by continued buying interest towards the local currency.

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

A boost in global market sentiment and strong domestic economic prospects have bolstered the local currency.

At 9.18 am, the local currency rose to 4.4550/4600 versus the greenback from Tuesday's close of 4.4570/4585

At 9.05 am, the local currency eased to 4.1540/1570 versus the greenback from 4.1530/1560 at yesterday's close.

At 9 am, the local currency slipped to 4.0750/0780 against the US dollar from 4.0720/0760 at Friday's close.

At 9.00 am, the local currency strengthened to 4.0390/0420 against the US dollar from Tuesday's close of 4.0420/0450.

At 9.15 am, the local currency traded at 4.0400/0450 against the greenback from yesterday's close of 4.0470/0500.

The ringgit opened lower against the US dollar today on low demand for the local currency versus the greenback, a dealer said.

Bank Indonesia, Bank Negara Malaysia, and the Bank of Thailand Friday concluded the signing of two bilateral Memoranda of Understanding (MoUs) on using local currencies for trade.

S&P said the outlook on the long-term rating remained stable.

Fitch Ratings has affirmed Malaysia's long-term foreign- and local-currency issuer default ratings at 'A-' with stable outlook.

Fitch Ratings has downgraded Malaysia-based Petroliam Nasional Bhd (Petronas)'s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to "A-" from "A".

Standard & Poor also affirmed the 'axAAA/axA-1' ASEAN regional scale rating on Malaysia.

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