archiveMalaysia ringgit

BENGALURU: Asian currencies traded lower on Thursday as the dollar strengthened after a US trade court halted the implementation of President Donald Trump’s “Liberation Day” tariffs. The MSCI index of emerging market currencies was down 0.2%. The Singapore dollar dropped as much as 0.7% to its lowest point in more than a week, while the Malaysian ringgit and the Thai baht fell 0.4% each. The Court of International Trade ruled that Trump overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States...

The Malaysian ringgit led losses across muted Asian currencies on Thursday ahead of the central bank’s expected rate pause, while the greenback stabilised after the US Federal Reserve maintained its benchmark interest rate. The ringgit touched its lowest level since May 2, weakening 0.7% to 4.266 per dollar, extending its decline to a third consecutive session. The Philippine peso and South Korean won each retreated 0.2%. The dollar index, which measures the currency against six major counterparts, edged down 0.2% but remained near Wednesday’s levels when a three-day slide ended...

shana espinoza/Shutterstock Suitcases of forged banknotes aren't just the stuff of heist movies and spy novels. Banks and governments around the globe are constantly working to prevent fraudsters from introducing fake cash into circulation – and some countries are more successful in their efforts than others. Nations typically use parts per million (ppm), a metric borrowed from chemistry, to monitor counterfeit currency. They give a score by measuring the number of fake banknotes found in circulation for every one million genuine notes. Most nations aim to stay below the 15 ppm mark, though quite a few have seen...