Ringgit Closes Lower In Tandem With Regional Currencies


 

KUALA LUMPUR: The ringgit ended lower against the US dollar today in tandem with most regional currencies as the US Federal Reserve (Fed) is likely to maintain its restrictive stance on interest rates for a protracted period.However, the local note traded higher versus other major currencies today.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said regional currencies were mostly weaker against the greenback as the latest US consumer price index (CPI) print for January was higher than expected.
“This suggests that the Fed is not going to ease their monetary policy very soon as they are not convinced that their 2% inflation target can be achieved in the near term.
“On that note, the ringgit is expected to remain weak, and it will put the US dollar in a sweet spot as the demand for the greenback is anticipated to be strong,” he told Bernama.
The economist said that at the prevailing level, the current resistant level stands at RM4.7958 while the support level is located at RM4.6611.
At 6pm, the ringgit stood at 4.7845/4.7885 against the US dollar compared with yesterday’s close of 4.7600/4.7665.
At the close, the local note appreciated vis-a-vis the Japanese yen to 3.1757/3.1786 from 3.1827/3.1872 previously, strengthened against the British pound to 5.9983/6.0033 from 6.0243/6.0325 and rose versus the euro to 5.1185/5.1227 from 5.1256/5.1326.
Meanwhile, the ringgit mostly traded lower versus other Asean currencies but rose against the Thai baht to 13.2366/13.2535 from 13.3240/13.3478 at yesterday’s close.
The local note fell against the Philippine peso to 8.52/8.54 from 8.50/8.52 yesterday, was lower versus the Singapore dollar at 3.5441/3.5473 compared to 3.5377/3.5428 and slipped against the Indonesian rupiah to 306.5/307 from 305/305.6 previously. - FMT


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

http://malaysiansmustknowthetruth.blogspot.com/2024/02/ringgit-closes-lower-in-tandem-with.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
Ringgit Closes 0 31 Lower As Interest Rate Worries Prevail

Ringgit Closes 0 31 Lower As Interest Rate Worries Prevail

papar berkaitan - pada 6/2/2024 - jumlah : 219 hits
KUALA LUMPUR The ringgit slipped further against the US dollar as the greenback stayed firm on expectation of a higher for longer interest rate stance in the US Federal Reserve chair Jerome Powell s comments on late Sunday reaffirmed the st...
Ringgit Closes Lower Against Us Dollar

Ringgit Closes Lower Against Us Dollar

papar berkaitan - pada 9/2/2024 - jumlah : 216 hits
The ringgit closed lower against the US dollar today as the greenback stayed firm amid fading hopes of an early US rate cut as well as China s disappointing economic data Picture by Miera ZulyanaKUALA LUMPUR Feb 8 The ringgit closed lower a...
Ringgit Closes Lower On Lack Of Buying Demand

Ringgit Closes Lower On Lack Of Buying Demand

papar berkaitan - pada 19/2/2024 - jumlah : 206 hits
KUALA LUMPUR The ringgit ended lower against the US dollar today on lack of buying demand amid cautious trading ahead of the release of the US Federal Open Market Committee meeting minutes this week said an economist Bank Muamalat Malaysia ...
Ringgit Closes Almost Flat Amid Subdued Demand

Ringgit Closes Almost Flat Amid Subdued Demand

papar berkaitan - pada 13/2/2024 - jumlah : 185 hits
KUALA LUMPUR The ringgit ended almost unchanged against the US dollar today amid subdued demand as the US Dollar Index maintained its high levels an economist said Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said regio...
Ringgit Closes Higher Ahead Of Q4 Gdp Announcement

Ringgit Closes Higher Ahead Of Q4 Gdp Announcement

papar berkaitan - pada 15/2/2024 - jumlah : 268 hits
KUALA LUMPUR The ringgit rebounded to close higher against the US dollar ahead of the fourth quarter 2023 gross domestic product announcement tomorrow said an analyst SPI Asset Management managing director Stephen Innes said the ringgit als...
Ringgit Closes Weaker As The Greenback Stayed Resilient

Ringgit Closes Weaker As The Greenback Stayed Resilient

papar berkaitan - pada 5/2/2024 - jumlah : 170 hits
KUALA LUMPUR The ringgit closed weaker against the US dollar as the greenback stayed resilient increasing its appeal as a safe haven currency on escalating geopolitical tensions the Federal Reserve s hawkish remark as well as positive US ec...
Ringgit Closes Slightly Higher Despite A Stronger Greenback

Ringgit Closes Slightly Higher Despite A Stronger Greenback

papar berkaitan - pada 21/2/2024 - jumlah : 333 hits
KUALA LUMPUR The ringgit ended slightly higher against the US dollar today although the greenback had strengthened as investors focused on the release of the US Federal Open Market Committee s meeting minutes an economist said Bank Muamalat...
Malaysia Is Getting Back To Politics As Usual With Najib S Pardon

Malaysia Is Getting Back To Politics As Usual With Najib S Pardon

papar berkaitan - pada 8/2/2024 - jumlah : 280 hits
The clemency seems shocking but it s a result of Malaysia s tangled and back scratching politics Joseph Rachman Foreign Policy Malaysia s pardons board the prison sentence of disgraced former Prime Minister Najib Razak who was convicted in ...
Pn Must Discuss With Bersih Before Joining Protest On Najib S Pardon Hamzah

Pn Must Discuss With Bersih Before Joining Protest On Najib S Pardon Hamzah

papar berkaitan - pada 8/2/2024 - jumlah : 151 hits
Perikatan Nasional secretary general Hamzah Zainudin said his coalition has not been invited by Bersih to join its protests against convicted former prime minister Najib Abdul Razak s pardon PN and Bersih cannot simply cooperate on this one...
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