Ringgit Dips Despite Dollar S Wider Currency Retreat


 


KUALA LUMPUR: The ringgit slipped against the US dollar at close despite the greenback’s retracement against major currencies.
SPI Asset Management managing director Stephen Innes said that while the US Dollar Index (DXY) has temporarily eased back from the significant technical level of 105, benefitting the European and high-yielding currencies, low-yielding Asian foreign exchange, such as the ringgit, continues to face challenges amid higher US yields.
“Following stronger-than-expected US jobs data, the 10-year US yields surged to 4.40% overnight. There might be a slight reduction in risk appetite ahead of Friday’s non-farm payrolls (NFP) report, leading to some consolidation around the 4.75 level for the ringgit,” he pointed out.
However, Innes noted if there is a significant overshoot in one of the NFP metrics, such as Average Hourly Earnings or the headline figure itself, it could exacerbate the ongoing US bond market sell-off.
“This could potentially lead to a challenging start for the ringgit at the beginning of next week as it would likely signal that the market does not expect the Federal Reserve to cut rates in June,” he added.
At 6pm, the ringgit eased to 4.7545/4.7575 against the US dollar from Tuesday’s close of 4.7515/4.7535.
The local currency was also traded lower against a basket of major currencies.
It depreciated against the euro to 5.1192/5.1224 from 5.1036/5.1057 at Tuesday’s close, weakened vis-a-vis the British pound to 5.9769/5.9807 from 5.9717/5.9742, and was easier versus the Japanese yen at 3.1329/3.1351 from 3.1326/3.1339 previously.
The ringgit was traded mostly higher against Asean currencies except for the Singapore dollar.
The local currency was higher versus the Thai baht at 12.9519/12.9653 from 12.9659/12.9771 on Tuesday and improved vis-a-vis the Indonesian rupiah to 298.6/298.9 compared to 298.9/299.1.
It was also better versus the Philippine peso at 8.42/8.43 from 8.43/8.44 at yesterday’s close but slipped against the Singapore dollar to 3.5159/3.5183 from 3.5134/3.5151 previously. - FMT


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

http://malaysiansmustknowthetruth.blogspot.com/2024/04/ringgit-dips-despite-dollars-wider.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 Ends Lower As Us Dollar Gains On Safe Haven Appeal

Ringgit Ends Lower As Us Dollar Gains On Safe Haven Appeal

papar berkaitan - pada 6/4/2024 - jumlah : 148 hits
KUALA LUMPUR The ringgit ended lower against the US dollar as the greenback strengthened its appeal as a safe haven currency amid rising geopolitical tensions in the Middle East and ahead of the US non farm payrolls data to be released late...
Ringgit Softens Against Us Dollar In Early Trading

Ringgit Softens Against Us Dollar In Early Trading

papar berkaitan - pada 8/4/2024 - jumlah : 133 hits
KUALA LUMPUR The ringgit opened easier against the US dollar on Monday due to continued positive sentiment towards the greenback which was bolstered by US Nonfarm Payroll data that exceeded expectations At 9 01am the local currency weakened...
Ringgit Rebounds On Selling Activities In Us Dollar

Ringgit Rebounds On Selling Activities In Us Dollar

papar berkaitan - pada 4/4/2024 - jumlah : 143 hits
KUALA LUMPUR The ringgit rebounded to open higher against the US dollar after some selling activities in the greenback said an analyst Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the US dollar retreated given the weaker...
Papar Api Readings Still Unhealthy Despite Cloud Seeding Operation

Papar Api Readings Still Unhealthy Despite Cloud Seeding Operation

papar berkaitan - pada 30/3/2024 - jumlah : 180 hits
Air Pollutant Index in Papar is still unhealthy despite successful cloud seeding operation yesterday Pic courtesy of Sabah Information DepartmentPAPAR Despite a successful cloud seeding operation yesterday evening Papar still recorded an un...
Despite King S Call For Closure Umno Youth Chief Says No Let Up On Kk Mart Boycott

Despite King S Call For Closure Umno Youth Chief Says No Let Up On Kk Mart Boycott

papar berkaitan - pada 4/4/2024 - jumlah : 204 hits
Today the Umno Youth chief sought to argue that his boycott was not an express call to violence Picture by Yusof Mat IsaKUALA LUMPUR April 3 Umno Youth chief Dr Muhamad Akmal Saleh today insisted on continuing his call to boycott KK Mart ov...
Despite Inter Monsoon Heatwave Still At Level 2 Says Metmalaysia

Despite Inter Monsoon Heatwave Still At Level 2 Says Metmalaysia

papar berkaitan - pada 6/4/2024 - jumlah : 119 hits
PETALING JAYA There is no let up in the heat alerts for parts of the country despite the inter monsoon having rolled in since last week According to the latest advisory by the Meteorological Department eight places are under Level 2 heat al...
Fdis Still Flowing In Despite Stance On International Issues Says Anwar

Fdis Still Flowing In Despite Stance On International Issues Says Anwar

papar berkaitan - pada 26/3/2024 - jumlah : 340 hits
Prime Minister Anwar Ibrahim said foreign investors are being attracted by Malaysia s political stability and good economic policies PETALING JAYA Prime Minister Anwar Ibrahim says the amount of foreign direct investments flowing into the c...
Anwar Assures Malaysia S Potential For Foreign Investments Despite Political Landscape

Anwar Assures Malaysia S Potential For Foreign Investments Despite Political Landscape

papar berkaitan - pada 25/3/2024 - jumlah : 333 hits
IPOH Malaysia can still bring in foreign investments despite its stance on certain international issues says Datuk Seri Anwar Ibrahim The Prime Minister said this was due to the country s political stability and clear policies We have good ...
Berapa Dollar Kamu Ada

Berapa Dollar Kamu Ada

papar berkaitan - pada 22/3/2024 - jumlah : 96 hits
Sinopesis hidup Yassin SallehRinggit turun berapa USD kita milik Harga getah naik berapa hektar kebun kita Pelaburan bertambah tiada satu pun babitkan company kita Berkali kali kakitangan awam diberi bonoskita bukan saja pencen tapi tak per...
Beli Rumah Lebih Jimat Dengan Kempen Hartanah Bumiputera Matrix

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

Haram Guna Dan Jual Vape Dewan Pemuda Pas Pahang Zahir Sokongan Penuh Terhadap Titah Sultan


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


Mixology Vape S Commitment To Quality Crafting The Best Vape Flavours Nz

Pensyarah Didakwa Hina Nabi Jawi Turut Buka Siasatan

Murid Buktikan Pada Guru Lembu Makan Martabak

The Difference In The Concept Of Illicit Relationship Between Muslims And Non Muslims

Tiada Masalah Pas Ketuai Pn Tapi Bincang Dulu Kata Pemimpin Bersatu

Cek Pertama Dari Google Adsense