<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 23): AmBank Group Research said the ringgit &nbsp;(MYR) could trade between its support level of S1: 3.9065 S2: 3.9002 while the resistance was pegged at R1: 3.9170 R2: 3.9207 versus the US dollar (USD)</p></div>

<div class=newsTextDataWrapInner><p>In its AmBankFX Daily note today, AmBank group chief economist and head of research Anthony Dass said the MYR fell 0.3% to 3.9170 against the USD.</p></div>

<div class=newsTextDataWrapInner><p>He said the FBM KLCI slid 0.2% to 1,855.07 with net outflow of foreign funds amounting to RM30.8 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Dass said the 5- and 10-year MGS yields rose 1.5 basis points (bps) to 3.615% and 2bps to 4.080%, while the 7- remained unchanged at 4.000%. But the crude oil prices i.e.</p></div>

<div class=newsTextDataWrapInner><p>“WTI and Brent rose 1.5% to S$62.62/barrel and 1.2% to US$66.22/barrel respectively, following data released by Energy Information Administration that showed a surprise fall in US crude inventories of 1.6 million barrels last week (market expectation was a gain of 1.8 million barrels).</p></div>

<div class=newsTextDataWrapInner><p>“The MYR depreciated against regional peers like Singapore dollar by 0.03% to 2.9594, peso by 0.2% to 13.3086, and baht by 0.6% to 8.0336, but rose against rupiah by 0.2% to 3,493.62. The 5-year CDS rose 0.92% to 63.49,” he said.</p></div>

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KUALA LUMPUR (Feb 23): AmBank Group Research said the ringgit  (MYR) could trade between its support level of S1: 3.9065 S2: 3.9002 while the resistance was pegged at R1: 3.9170 R2: 3.9207 versus the US dollar (USD)

In its AmBankFX Daily note today, AmBank group chief economist and...

Ringgit to fluctuate in the range of 3.9065 – 3.9170 against USD today, says AmBank Research

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<p>Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.</p>


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<p>The automotive industry is not exactly the place one would want to be in the next few years.</p>

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<p>Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;</p>


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<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</p>


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<p>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</p>


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<p>The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.</p>


<p>Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.</p>


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<p>There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.</p>


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<p>The recent attack by Iran on Israel represents a dangerous expansion of the Israel–Hamas war and raises the risk of a sharp escalation of the conflict, according to S&amp;P Global Ratings.</p>


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<p>The ringgit opened lower against the US dollar for the second consecutive day on Tuesday as the greenback strengthened following robust US retail sales data for March, said an analyst.</p>


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<p>Shares of EP Manufacturing Bhd (EPMB) climbed on Tuesday and set for its best day in ten months after the auto parts maker signed a 10-year vehicle assembly deal with a Chinese carmaker.</p>
