By Abdul Hamid A Rahman and Siti Radziah Hamzah<\/p>\n\n\n\n
KUALA LUMPUR, June 1 (NNN-Bernama) — The Malaysian ringgit traded higher against the US dollar in the early session Thursday following the positive developments on the United States (US) debt limit negotiations.<\/p>\n\n\n\n
At 9 am, the local note rose to 4.6070\/6110 versus the greenback compared with Wednesday\u2019s closing of 4.6105\/6155.<\/p>\n\n\n\n
However, Bank Muamalat Malaysia Bhd chief economist and social finance head Dr Mohd Afzanizam Abdul Rashid said cautious sentiments may prevail in the foreign exchange market today, adding that the USD\/MYR pair should stay around RM4.60-RM4.61.<\/p>\n\n\n\n
In the meantime, the ringgit was traded lower against a basket of major currencies.<\/p>\n\n\n\n
It went down to 3.3099\/3130 against the Japanese yen from 3.2951\/2989 at Wednesday\u2019s closing, declined against the euro to 4.9230\/9273 from 4.9208\/9261 previously, and depreciated versus the British pound 5.7302\/7352 from 5.6986\/7048.<\/p>\n\n\n\n
The local note was also traded lower against other ASEAN currencies.<\/p>\n\n\n\n
The ringgit fell against the Thai baht to 13.2839\/3016 from 13.2440\/2641 and slid against the Singapore dollar to 3.4065\/4100 from Wednesday\u2019s 3.4036\/4075.<\/p>\n\n\n\n
It was almost flat against the Indonesian rupiah at 307.1\/307.6 from 307.4\/307.9 on Wednesday and increased slightly against the Philippines\u2019 peso to 8.19\/8.21 from 8.20\/8.22 previously.<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
By Abdul Hamid A Rahman and Siti Radziah Hamzah KUALA LUMPUR, June 1 (NNN-Bernama) — The Malaysian ringgit traded higher against the US dollar in the early session Thursday following the positive developments on the United States (US) debt limit negotiations. At 9 am, the local note rose to 4.6070\/6110 versus the greenback compared with […]<\/p>\n","protected":false},"author":30,"featured_media":216467,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/223180"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=223180"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/223180\/revisions"}],"predecessor-version":[{"id":223181,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/223180\/revisions\/223181"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/216467"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=223180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=223180"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=223180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}