US Federal Reserve

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

Datuk Seri Abdul Rasheed said Malaysia's positive economic outlook and structural reforms are also propelling the ringgit's rise.

US Federal Reserve chair Jerome Powell said the central bank will not wait until inflation hits two per cent to cut interest rates.

Investors focused on the US Federal Reserve's semi-annual testimony to assess the US economic growth and monetary policy paths.

A chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to move in a narrow range today.

Its stronger performance driven by higher dividends and distributions from investee companies, fair value gains and capital preservation.

The US Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25-5.5 per cent, as yields on long-term US Treasury bonds have spiked in recent months, reported Xinhua.

The ringgit continued its positive momentum this morning to open slightly higher against the greenback on the expectation of a US Federal Reserve downshift to a 25 basis points interest rate hike.

Higher interest rates will stay in place until the US Federal Reserve is confident that surging inflation is on a path toward stability, according to a Fed meeting summary released this week.

The ringgit was traded mostly lower against a basket of major currencies this morning.

Diniz said that investors are beginning to wonder when the US Federal Reserve will change its monetary policy on interest rates.

At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI rose by 4.08 points to 1,492.88 from yesterday's closing of 1,488.80.

At 9 am, the local note rose to 4.5050/5100 against the US dollar from yesterday's close of 4.5060/5130.

Nor Shamsiah said year-to-date, the ringgit has depreciated by 11.2 per cent against the greenback, in line with regional trends.

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

For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.

The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.

A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.

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Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.

The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.

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The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.

Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.

Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.