Ringgit Edges Down On Improving Us Consumer Confidence

The local note slips to 4.2350/4.2500 on the back of a stronger dollar and trade tension concerns.
KUALA LUMPUR: The ringgit marginally depreciated against the US dollar on Wednesday, weighed down by a firmer greenback following an improvement in US consumer confidence and persistent concerns over global tariff developments
At 8.05am, the ringgit slid to 4.2350/4.2500 against the US dollar compared with Tuesday’s close of 4.2345/4.2430.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the US Dollar Index (DXY) rose 0.59% to 99.521 points last night, reflecting a modest recovery despite remaining below the 100-point level.
“The uptick tracked the latest US Conference Board Consumer Confidence Index, which climbed to 98 points – largely driven by stronger stock market performance since early April and easing gasoline prices,” he noted.
Analysts remain cautious, nevertheless, he said.
At yesterday’s close, the local note slipped 0.47% to RM4.2388 versus the US dollar from RM4.2190 previously, because some traders opted to lock in profits.
“Despite the rebound in confidence, the US economy still faces downside risks, particularly from inflationary pressure linked to tariff policies.
“Given the firmer dollar and lingering external uncertainties, the ringgit is expected to remain under pressure, trading within a narrower band of RM4.22 to RM4.23 today,” he added.
The ringgit traded higher against a basket of major currencies.
It rose against the Japanese yen to 2.9391/2.9500 from 2.9425/2.9486, improved vis-à-vis the euro to 4.8012/4.8182 from 4.8053/4.8150, and appreciated against the British pound to 5.7228/5.7430 from 5.7352/5.7467 previously.
The local note traded mixed against its Asean peers.
It rose against the Singapore dollar to 3.2870/3.2989 from 3.2894/3.2963, but fell against the Thai baht to 12.9471/13.0025 from 12.9365/12.9676 at yesterday’s close.
The ringgit was flat against the Philippine peso at 7.62/7.65 from 7.62/7.64 previously. It was also flat against the Indonesian rupiah at 259.9/261.0 from 259.9/260.6. - FMT

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

http://malaysiansmustknowthetruth.blogspot.com/2025/05/ringgit-edges-down-on-improving-us.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 Edges Lower Ahead Of Us Fed Rate Decision

papar berkaitan - pada 20/5/2025 - jumlah : 133 hits
The local note eases to 4 2900 4 3020 as US officials remain watchful of evolving economic trends KUALA LUMPUR The ringgit opened marginally lower against the US dollar on Tuesday as traders remained cautious ahead of a possible interest ra...

Muslim Brotherhood Flushes Bangladesh Down The Toilet

papar berkaitan - pada 22/5/2025 - jumlah : 168 hits
During the recent India Pakistan crisis Bangladesh took the side of Pakistan and made statements to that effect which would could or were designed to garner support for Pakistan and embarrass India in the eyes of the international fraternit...

60 At Rally To Demand Stepping Down Of Macc Chief

papar berkaitan - pada 25/5/2025 - jumlah : 176 hits
The participants including representatives from NGOs and political parties march from the Sogo shopping complex to Dataran Merdeka Participants at the rally calling for MACC chief Azam Baki to resign KUALA LUMPUR Some 60 protesters marched ...

Another Pickle Ball Court Closes Down Is The Sport Dying

papar berkaitan - pada 27/5/2025 - jumlah : 202 hits
APPARENTLY pickleball is in a pickle lately with the increasing number of pickleball courts allegedly being closed down The condition was further highlighted by a netizen who recently pointed out another pickleball court which was up for sa...

Ibu Dalam Pantang Jangan Down Bayi Asyik Menangis Bukan Sebab Tak Cukup Susu

papar berkaitan - pada 27/5/2025 - jumlah : 118 hits
Kata kata dari orang sekeliling yang mengatakan tidak cukup susu selepas bayi asyik menangis membuatkan kita rasa down dengan kuantiti susu yang sedikit Jangan putus asa kerana bayi menangis bukan hanya disebabkan susu tidak cukup Biar sedi...

Bangi S Dap Pas Reps Meet To Tone Down Partisanship Work On Local Issues

papar berkaitan - pada 21/5/2025 - jumlah : 153 hits
Putting aside political differences two elected representatives in Bangi have come together in a show of bipartisan cooperation aimed at reducing tensions and focusing on community wellbeing ADSBangi MP Syahredzan Johan and Sungai Ramal ass...

Fru Cop Breaks Down Comforting Late Comrade S Disabled Son

papar berkaitan - pada 16/5/2025 - jumlah : 185 hits
Corporal Mohd Shaukar Ishak 36 Federal Reserve Unit personnel placed the FRU beret belonging to the late Sergeant Mohd Roslan Abd Rahim on his special needs son Muhd Raqin Najmi 13 at their home in Taman Meru yesterday BERNAMA PICIPOH A Fed...