Higher Us Yields Continue To Weigh On Ringgit


 
At 6pm, the local note eased by 35 basis points to 4.7180/7220 from Tuesday’s close of 4.7145/7165. — Reuters picKUALA LUMPUR, Oct 19 — The ringgit continued to weaken against the US dollar as demand for the greenback appreciated further on the back of higher US Treasury yields, analysts said.
At 6pm, the local note eased by 35 basis points to 4.7180/7220 from Tuesday’s close of 4.7145/7165.
SPI Asset Management managing director Stephen Innes said despite the better-than-expected Malaysian trade data, the ringgit could not climb higher, with the US Treasury 10-year yields turning marginally higher at around 4 per cent.
“This is negatively impacting the improved risk sentiment that had slowed demand for the safe-haven US dollar this week,” he told Bernama.
Malaysia’s trade continued its upward trajectory in September 2022, rising by 31.4 per cent to RM256.91 billion compared to the same month last year — the 20th consecutive month of double-digit growth, according to the International Trade and Industry Ministry.
Innes noted that the Chinese yuan also continued its retreat, and given the solid ringgit and yuan correlation, it was not surprising to see the ringgit close lower.
The weaker yuan has been driven by recessionary concerns in China, which could negatively impact Malaysian companies which export to China, he added.
“The weaker ringgit and strong trade data chime with exporters’ retention of the US dollar as the recent surge in the greenback hints at US dollar scarcity. Therefore, exporters are reluctant to convert the US dollar for the local unit,” Innes said.
Meanwhile, the ringgit was traded mixed against a basket of major currencies.
It fell versus the British pound to 5.3233/3278 from 5.3118/3141 yesterday and marginally eased against the Singapore dollar to 3.3176/3207 from 3.3168/3184.
The local currency slightly improved against the euro to 4.6326/6365 from 4.6372/6391 previously and gained vis-a-vis the Japanese yen to 3.1611/1642 from 3.1630/1646 at Tuesday’s closing. — Bernama


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2022/10/higher-us-yields-continue-to-weigh-on.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Weak Ringgit A Major Draw

Weak Ringgit A Major Draw

papar berkaitan - pada 16/10/2022 - jumlah : 95 hits
Happy visitors Belgian tourists Mathilde Mercier 29 and Adrien Lambert 30 taking a selfie in front of a billboard in Kuala Lumpur AZLINA ABDULLAH The StarPETALING JAYA Locals working abroad and foreigners are taking advantage of the weak ri...
Ringgit Menjunam Rm4 70

Ringgit Menjunam Rm4 70

papar berkaitan - pada 15/10/2022 - jumlah : 105 hits
Ringgit jatuh ke paras terendah dalam tempoh 24 tahun berbanding dolar AS hari ini Ringgit hari ini menjunam ke paras terendah berbanding dolar Amerika Syarikat dan dolar Singapura dipengaruhi berita Rizab Persekutuan dan pengetatan dasar m...
Ringgit Dekati Rm4 70 Bursa Jatuh Empat Hari Berturut Turut

Ringgit Dekati Rm4 70 Bursa Jatuh Empat Hari Berturut Turut

papar berkaitan - pada 14/10/2022 - jumlah : 128 hits
Ringgit menghampiri nilai terendah RM4 70 bagi satu dolar Amerika pada 13 Oktober 2022 manakala bursa saham pula merosot empat hari berturut turut Nilai ringgit hari ini jatuh kepada RM4 691 berbanding satu dolar Amerika Syarikat manakala p...
Voting For A Stronger Ringgit The Old House In Holland Park

Voting For A Stronger Ringgit The Old House In Holland Park

papar berkaitan - pada 19/10/2022 - jumlah : 277 hits
Pic file Holland Park18 Oct 2022 is a posting I did in 2010 quoting a now defunct blog Another Brick in the Wall about how our wealthy politicians were spending Malaysian taxpayers money on properties abroad This was long before 1MDB when t...
Ringgit Menyusut Lagi Dibuka Rendah Paras Rm4 70

Ringgit Menyusut Lagi Dibuka Rendah Paras Rm4 70

papar berkaitan - pada 19/10/2022 - jumlah : 119 hits
Nilai mata wang ringgit dibuka rendah pada pagi Rabu mengekalkan tren penurunan sekitar paras RM4 70 berbanding dolar Semasa awal dagangan pagi ini ringgit dibuka rendah RM4 7160 7200 berbanding penutupan semalam RM4 7145 7165 berbanding do...
Ringgit Dijangka Diuji Pada Paras 4 75 Berbanding Dolar As Minggu Depan

Ringgit Dijangka Diuji Pada Paras 4 75 Berbanding Dolar As Minggu Depan

papar berkaitan - pada 23/10/2022 - jumlah : 203 hits
Ringgit dijangka terus merosot berbanding dolar Amerika Syarikat pada minggu depan berkemungkinan dalam jajaran 4 75 kata penganalisis Rakan Pengurusan SPI Asset Management Stephen Innes berpendapat Jawatankuasa Pasaran Terbuka Persekutuan ...
Ringgit Opens At Fresh All Time Low Against Us Dollar

Ringgit Opens At Fresh All Time Low Against Us Dollar

papar berkaitan - pada 21/10/2022 - jumlah : 145 hits
The ringgit continued its downtrend against the US dollar on Friday opening at a fresh all time low of 4 73 due to a lack of market catalysts exacerbated by global market uncertainties dealers said At 9am the local note depreciated by 75 ba...
French Company Agrees To Continue Negotiations Over Lcs Price

French Company Agrees To Continue Negotiations Over Lcs Price

papar berkaitan - pada 22/10/2022 - jumlah : 178 hits
Naval Group the French company supplying Littoral Combat Ships for the Royal Malaysian Navy has agreed to continue negotiations with Boustead Naval Shipyard Sdn Bhd over price In a statement today the Ministry of Defence said that the agree...
Tattoos Raised And Itchy

Bersatu Man Demands Dnb Exit Strategy For U Mobile

Khutbah Jumat Jumadil Awal Tangis Ibnu Rawahah Jelang Perang Mu Tah

Tattoos Portland Maine

Bertolak Ansurlah

Kisah Adv 160 Pengajaran Dari Bateri Lemah

Flexibility In Business Operations

Kawan Kawan Cik B Sebaya Dato Seri Vida


echo '';
Senarai Lagu Tugasan Konsert Minggu 1 Gegar Vaganza 2024 Musim 11

Info Dan Sinopsis Drama Berepisod Dhia Kasyrani Slot Akasia TV3

Biodata Terkini Reshmonu Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Hey Waley

Gegar Vaganza 2024 GV 11 Hadiah Tiket Peserta Juri Format Pemarkahan Dan Segala Info Tonton Live Di Astro Ria Dan Sooka

6 Janji Donald Trump Kalau Dia Naik Jadi Presiden Semula


Air Terjun Tujuh Puteri Bukit Sri Permata

Dayang Nurfaizah Mencintai Cinta Chord

10 Influencer Terkenal Di Malaysia

Kerajaan Pahang Tingkatkan Bantuan Prihatin Pahang Siswa Kepada Rm14 18 Juta Berbanding Rm8 Juta Tahun Lepas

Kyrkoherden Och Draken En F Rh Xande Saga Om Mod Och V Nskap Fr N Antika Spanien

How To Survive Thanksgiving Travel