Ringgit Ends Lower As Wary Investors Await Fed Bnm Cues

KUALA LUMPUR: The ringgit traded lower on strength in the US dollar as traders await the Federal Open Market Committee (FOMC) and Bank Negara Malaysia’s (BNM) monetary policy committee (MPC) rate decisions.
At 6pm, the local currency slipped to 4.4640/4.4640 versus the greenback from Friday’s closing rate of 4.4600/4.4645.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said almost all the economists surveyed by Bloomberg expect the overnight policy rate (OPR) to be left unchanged at 2.75%.
Three economists anticipated the rate to be raised by 25 basis points.
“The latest purchasing managers’ index (PMI) for Malaysia was maintained at 48.8 points in April. This marks the eighth consecutive month of contraction with respect to business sentiment within the manufacturing sector.
“This could help bolster the case for no change in the OPR when the members of the MPC meet tomorrow,’’ he told Bernama.
He said the ringgit should remain at the current 4.46 level as market participants also await FOMC’s stand towards future policy, also to be released on May 3.
“From the technical point of view, the dollar-ringgit is hovering at the oversold position, suggesting the possibility for an appreciation. Perhaps, a dovish Fed would lift the value of the ringgit in the near term,’’ he noted.
The ringgit traded mostly higher against major currencies.
It appreciated against the Japanese yen to 3.2388/3.2402 from 3.2770/3.2805 at last Friday’s close, improved versus the euro to 4.8902/4.8906 from 4.9011/4.9060 but was lower vis-a-vis the British pound at 5.5632/5.5636 from 5.5558/5.5614 previously.
Meanwhile, the local currency traded mixed against Asean currencies.
It rose against the Indonesian rupiah to 303.3/303.5 from 303.9/304.3 last Friday and was higher compared to the Thai baht at 13.0423/13.0478 from 13.0612/13.0801 previously.
It, however, fell against the Singapore dollar to 3.3411/3.3414 from 3.3351/3.3387 and was unchanged against the Philippine peso at 8.05/8.07 from 8.05/8.06 previously. - FMT

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

http://malaysiansmustknowthetruth.blogspot.com/2023/05/ringgit-ends-lower-as-wary-investors.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 Weakens As Investors Look For Safe Haven Currencies

papar berkaitan - pada 26/4/2023 - jumlah : 256 hits
KUALA LUMPUR The ringgit opened lower against the US dollar today weighed by a stronger greenback on renewed interest for safe haven currencies an analyst said At 9am the local note stood at 4 4600 4670 versus the greenback from yesterday s...

Opr Bnm Apa Kesan Turun Dan Naik

papar berkaitan - pada 6/5/2023 - jumlah : 250 hits
OPR BNMKESAN OPR DITURUNKANKos meminjam menjadi lebih rendah org ramai didorong membuat pinjaman berlebihan utk meningkatkan perbelanjaan berlebihan inflasi berlakuKESAN OPR DINAIKKANKos meminjam menjadi lebih tinggi org ramai didorong meng...

Langkah Bnm Naikkan Opr Lindungi Pertumbuhan Ekonomi

papar berkaitan - pada 9/5/2023 - jumlah : 206 hits
Kenaikan Kadar Dasar Semalaman adalah terkawal demi memastikan aliran wang ke dalam ekonomi Malaysia adalah pada tahap yang optimum kata Menteri Ekonomi Rafizi Ramli Timbalan Presiden KEADILAN itu menegaskan langkah Bank Negara Malaysia men...

Bnm Interest Rate Hike Could Be Devastating For The Anwar Led Government

papar berkaitan - pada 5/5/2023 - jumlah : 243 hits
Murray Hunter The Monetary Policy Committee of Bank Negara Malaysia has followed most other international central banks and raised the Overnight Policy Rate by 25 basis points to 3 percent This is the first time BNM has raised interest rate...

Will Bnm Surprise By Resuming Opr Hikes

papar berkaitan - pada 3/5/2023 - jumlah : 170 hits
Based on the results of a poll of economists by Bloomberg on the direction of the overnight policy rate the Monetary Policy Committee of Bank Negara Malaysia will likely breeze through its two day meeting which started yesterday Ahead of th...

Bnm Expected To Maintain Opr At 2 75pct In May Mpc Meeting Analysts

papar berkaitan - pada 28/4/2023 - jumlah : 232 hits
Bank Negara Malaysia is expected to maintain the overnight policy rate at 2 75 percent in the next monetary policy committee meeting said research houses In a research note Bank Islam Malaysia Bhd opined that BNM might maintain the rate in ...

Gbp Usd Adakah Bank Of England Akan Pergi Lebih Jauh Berbanding Fed Dan Ecb

papar berkaitan - pada 9/5/2023 - jumlah : 191 hits
Jangan percaya kata kata percayakan tindakan Gabenor Bank of England Andrew Bailey membayangkan kesilapan penilaian pasaran berhubung pengetatan lanjut dasar monetari manakala Ketua ekonomi Huw Pill bercakap tentang keperluan untuk berhemat...

Opr Hike Shows Bnm Is Still Struggling To Tame Inflation

papar berkaitan - pada 5/5/2023 - jumlah : 180 hits
Persistently high inflation has exacerbated the cost of living crisis faced by many Malaysians PETALING JAYA Bank Negara Malaysia s surprise move to raise the overnight policy rate may be a tacit admission it has its work cut out to ease th...

Winning Pitch Deck For Investors

papar berkaitan - pada 4/5/2023 - jumlah : 331 hits
Creating a Winning Pitch Deck for Investors Pitching your business to investors can be a daunting task especially if you re not sure how to make a strong and effective pitch deck Your is essentially a visual representation of your business ...