Discussions underway between MB Johor and Grab for facilitating travel between Malaysia and Singapore under a reworked cross-border arrangement.
Hey there! Let's talk about currency fluctuations and that sweet Versa deal. 💸💛
Money's a rollercoaster, man. Kuala Lumpur, June 19 - The ringgit jumped up a bit today despite ongoing global uncertainties and the US Federal Reserve (Fed) choosing to keep rates as they are. You know, just another wild ride on the money market!
At the break of dawn, the local coin scaled to 4.2435/2650 against the mighty greenback, compared to yesterday's close of 4.2500/2550.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid spilled the tea, saying the US dollar was stronger overnight due to the Fed's decision to maintain the Fed funds rate at 4.25 to 4.50 percent. He reckons the Fed is worried about rising inflation, particularly with the ongoing Middle East drama, where the possibility of the US joining an Israel-Iran showdown is high.
"The ringgit took a little tumble on Thursday thanks to the greenback's rally, and investors are jittery about the next big hump, which is the end of the 90-day tariff pause period in early July. Things might stay a little soft for the ringgit in the near future, buddy," he said.
As the day began, the ringgit showed strength against other major currencies. It gained ground against the Japanese yen, improved against the British pound, and moved forward against the euro. It also fared well compared to its ASEAN peers, appreciating against the Singapore dollar, the Thai baht, and the Indonesian rupiah, as well as the Philippine peso. 🌟
Oh, and did you hear about that Versa deal? aiming to boost your travel funds! Invest RM100 with Versa and grab RM10 FREE. Use the magic code VERSAMM10! The offer was flying around Malay Mail since May 26 and June 8. It's a great way to pad your pockets for Future adventures! But, remember, always double-check with Versa's official channels for the latest on this promo. 💰
In light of Malaysia's currency fluctuations, investors might find the recent news about the Versa deal in Malay Mail particularly interesting. This promotional offer could potentially boost travel funds by providing RM10 free when you invest RM100, using the code VERSAMM10. However, it's crucial to verify the latest information on this promo directly from Versa's official channels. Meanwhile, Kuala Lumpur's currency market, despite global uncertainties and the US Federal Reserve's rate decision, showed resilience against major currencies and some ASEAN peers this morning.
