Ringgit Ends Slightly Lower Ahead Of Fed Chairman S Speech

KUALA LUMPUR: The ringgit edged slightly lower against the US dollar at the close today ahead of US Federal Reserve (Fed) chairman Jerome Powell’s speech tomorrow at the Jackson Hole Symposium.Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid highlighted that the key focus has been on Powell’s speech tomorrow, where market participants will look for indications regarding the extent of the anticipated US interest rate cuts, possibly happening next month.

The September US Federal Open Market Committee (FOMC) minutes released last night already indicated the members’ willingness to initiate interest rate cuts, he told Bernama.Meanwhile, AmBank Economic Research remained optimistic about the ringgit’s potential to strengthen against the greenback, reflecting Malaysia’s strong economic fundamentals.
It reckoned that the recent levels of 4.30-4.40 could be tested again in the coming weeks leading up to next month’s Fed meeting, where the market widely anticipates the first rate cut.

Beyond that, we believe the ringgit is unlikely to reverse its recent gains and weaken beyond the 4.60 level, as the rate differentials between Malaysia’s overnight policy rate and the Federal Funds Rate continue to narrow, it said in its second half of 2024 macroeconomic outlook report.
At 6pm, the ringgit closed at 4.3760/4.3800 against the US dollar compared to 4.3750/4.3830 at yesterday’s close.
At the close, the ringgit declined against a basket of major currencies.
The local currency slipped against the Japanese yen to 3.0051/3.0082 from 2.9943/3.000, dropped vis-a-vis the euro to 4.8744/4.8789 from 4.8637/4.8726 and depreciated against the British pound to 5.7431/5.7483 from 5.6993/5.7097 previously.
It also traded mostly lower against Asean currencies.
The local currency weakened against the Singapore dollar to 3.3474/3507 from 3.3456/3519 at yesterday’s close, was weaker against the Philippine peso at 7.76/7.78 from 7.74/7.76 and fell vis-a-vis the Thai baht to 12.7383/12.7552 from 12.7373/12.7676 previously.
However, it rose versus the Indonesian rupiah to 280.4/280.9 from 282.2/282.9 - FMT

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

http://malaysiansmustknowthetruth.blogspot.com/2024/08/ringgit-ends-slightly-lower-ahead-of.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

Berjaga Jaga Wall Street Menanti Keputusan Fed Dan Acara Global Besar

papar berkaitan - pada 22/8/2024 - jumlah : 228 hits
Harapan Pelabur Saham Pasif Menunggu Keputusan Fed Pasaran saham global berhenti dari kenaikan mereka pada hari Rabu menstabilkan setelah lonjakan panjang yang membawa mereka ke paras tertinggi baru baru ini Pelabur sedang menunggu pengesah...

Fed Bersedia Untuk Pemotongan Kadar Dolar Mengukuh Saham Merosot

papar berkaitan - pada 23/8/2024 - jumlah : 256 hits
Saham AS di Bawah Tekanan Apa yang Berlaku Pasaran saham AS menghadapi hari yang sukar pada hari Khamis ketika para pelabur meringkaskan data ekonomi terbaru dan menunggu tindakan lanjut dari Rizab Persekutuan Jangkaan tertumpu pada kemungk...

Fed Bertindak Pemotongan Kadar Menyebabkan Kenaikan Mendadak Saham Di Wall Street

papar berkaitan - pada 26/8/2024 - jumlah : 198 hits
Saham AS Naik Mendadak Berikutan Ulasan Pengerusi Fed Mengisyaratkan Potongan Kadar pada September Pasaran saham AS mencatatkan kenaikan ketara pada hari Jumaat setelah Pengerusi Rizab Persekutuan Jerome Powell mengulangi jangkaan pasaran t...

Malays Cannot Continue To Be Spoon Fed Says Anwar

papar berkaitan - pada 29/8/2024 - jumlah : 237 hits
Prime Minister Anwar Ibrahim said it was important that Universiti Teknologi Mara help the Malay community progress until it could stand on its own SHAH ALAM The Malay community cannot continue to be spoon fed despite needing help with educ...

Consider Replacing Muhyiddin As Pn Chairman Analyst Says

papar berkaitan - pada 20/8/2024 - jumlah : 115 hits
Awang Azman Pawi of Universiti Malaya says the opposition coalition had to now bear the consequence of Muhyiddin Yassin s remarks Perikatan Nasional has been urged to consider replacing Muhyiddin Yassin as its chairman following his controv...

Muhyiddin My Speech Was Factual Didn T Mean To Insult Ex Agong

papar berkaitan - pada 20/8/2024 - jumlah : 324 hits
Former prime minister Muhyiddin Yassin has defended his controversial speech insisting that he had in no way diminished the esteemed role of the Pahang sultan who served as Agong during the 15th general election Addressing the issue on Face...

Freedom Of Speech Fake News Misinformation Hate Speech Censorship By Sam The Ceo

papar berkaitan - pada 15/8/2024 - jumlah : 181 hits
My friend Sam the CEO Oilman has written another short and precise piece expressing his thoughts about expressing his thoughts Its about Freedom of Speech My comments follow I am a freedom of speech absolutist I don t care about policing ha...

Muhyiddin Defends Factual Nenggiri Speech

papar berkaitan - pada 20/8/2024 - jumlah : 167 hits
PN chairman Muhyiddin Yassin said he is confident that a controversial speech he delivered during the Nenggiri by election campaign does not violate any Malaysian law Perikatan Nasional chairman Muhyiddin Yassin has defended a speech he mad...