Qualampur: Ringit said in focus despite a strong US dollar index (DXY) despite being involved in the Israeli-Iran struggle with the United States (US) despite a strong US dollar index (DXY) against a strong US dollar index (DXY) against a strong US dollar index (DXY) despite a strong US dollar index (DXY) despite a strong US dollar index (DXY) despite a strong US dollar index (DXY).
At 8 am, the local note on Friday increased to 4.2505/2565 to 4.2420/2655 against the greenback.
Bank Malaysia Malaysia BHD Chief Economist Dr. Mohammad Afzanim Abdul Rashid said that there is a possibility of widespread conflict in the region as the US announced a “successful” attack on three Iranian nuclear sites.
“Attention is clearly how it can affect crude oil prices and risk spirit.
“Brent Crude Oil prices may use the US $ 78.93 per barrel at a rate of 2.49 percent, Iranian vengeance since January 2025 and (it is likely that this) can use the hormuz choke point as a leverage in the prevailing conflict,” Bernma said.
Mohammad Afzajnizam also said that the ringit can depreciation against the US dollar due to defensive mode among traders.
He said that the currency market could have a risk-closing mode, as the US DXY has increased by 98.937 points, while the precious goods, such as the spot gold, increased from 0.27 percent to the US $ 3,377.42 per ounce.
In the opening, Ringit did a high business against a basket of major currencies.
It increased against Japanese Yen at 2.9023/9186 from 2.9245/9289 to Friday, Gulab vs British pound 5.7000/7316 to 5.7356/7437 to 5.7356/7437, and increased from 4.8800/9069 against Euro to 4.8800/9069.
The local note also did a strong business against its ASEAN counterparts.
It appreciated the Singapore dollar from 3.2948/3133 to 3.3088/3140 to around Friday, climbed 12.9727/9969 to 12.9243/13.0042 to Thai Baht, 258.6/260.2.2 from Advanced Vij-e-VISVE. 7.42/7.46 7.43/7.45 from.
