Ringgit Extends Gain To Open Higher Against Us Dollar

The local unit advances to 4.2040/4.2260 as investors shift toward emerging currencies on rate cut speculation.
KUALA LUMPUR: The ringgit extended yesterday’s gain to open higher against the greenback on Friday as more investors shifted toward emerging currencies on rising expectations of an interest rate cut in the United States next month and ahead of a US inflation report later today
At 8am, the local note bounced to 4.2040/4.2260 versus the US dollar from yesterday’s close of 4.2140/4.2195.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the US Dollar Index (DXY) fell 0.29% to 97.897 points as the odds for a cut in US interest rates gained momentum again.
“The US Federal Reserve (Fed) official Christopher Waller who dissented the Federal Open Market Committee (FOMC) decision to keep the rate steady last month has reiterated his view that the Fed should reduce the funds rate in the next meeting (in September) as he sees that the weakening of the labour market has become apparent.
“At the same time, the second estimate of the second quarter US gross domestic product (GDP) growth came in higher at 3.3% from the first estimate of 3.0%,” he added.
However, Afzanizam said details of the revision showed the US economy was powered by the sharp decline in imports, which plunged 29.8% and resulted in significant contribution from net exports to the overall GDP.
The US Personal Consumption Expenditures (PCE) Price Index, the Fed’s favoured gauge of inflation, will be released later today.
The ringgit traded mostly higher against a basket of major currencies.
It edged down versus the euro to 4.9099/4.9355 from 4.9089/4.9153 at Thursday’s close, but rose vis-à-vis the Japanese yen to 2.8632/2.8784 from 2.8639/2.8679, and strengthened against the British pound to 5.6788/5.7085 from 5.6893/5.6967.
It also traded mostly higher against other Asean currencies.
The local note strengthened versus the Singapore dollar to 3.2777/3.2951 from 3.2809/3.2854 yesterday, slipped against the Thai baht to 13.0207/13.0962 from 13.0142/13.0364, and went up against the Philippine peso to 7.36/7.40 from 7.38/7.39. It gained versus the Indonesian rupiah to 257.0/258.5 from 257.6/258.1. - FMT

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

http://malaysiansmustknowthetruth.blogspot.com/2025/08/ringgit-extends-gain-to-open-higher.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 Up Against Dollar Ahead Of Key Us Labour Data

papar berkaitan - pada 3/9/2025 - jumlah : 382 hits
The local note rises to 4 2255 4 2370 amid cautious sentiment over mixed data and Federal Reserve outlook KUALA LUMPUR The ringgit opened slightly higher on Wednesday ahead of the US labour market data this week which will be an important i...

Ringgit Opens Marginally Firmer Vs Us Dollar

papar berkaitan - pada 18/8/2025 - jumlah : 260 hits
The local note edged up to 4 2050 4 2260 amid cautious sentiment over the path of US interest rates KUALA LUMPUR The ringgit opened firmer against the greenback on Monday amid cautious sentiment over the trajectory of the US interest rates ...

Ringgit Opens Slightly Firmer Against Greenback Ahead Of Bnm Policy Decision

papar berkaitan - pada 4/9/2025 - jumlah : 362 hits
The local note rose to 4 2125 4 2330 with markets widely expecting the central bank to leave the OPR unchanged at 2 75 KUALA LUMPUR The ringgit opened slightly firmer against the US dollar on Thursday ahead of Bank Negara Malaysia s decisio...

Ringgit Opens Higher On Rising Us Rate Cut Expectations

papar berkaitan - pada 27/8/2025 - jumlah : 267 hits
The local note rose to 4 2060 4 2265 against the US dollar amid weak consumer confidence and tariff concerns KUALA LUMPUR The ringgit opened higher against the US dollar and most major currencies on Wednesday lifted by growing expectations ...

Ringgit Opens Higher Ahead Of Fed Speech

papar berkaitan - pada 22/8/2025 - jumlah : 346 hits
The local note climbed to 4 2200 4 2400 as investors awaited policy signals from the Jackson Hole economic summit KUALA LUMPUR The ringgit opened marginally higher against the US dollar and a basket of major currencies on Friday as investor...

Lawyer Fails In Rm12 5mil Legal Fee Suit Against Bersatu

papar berkaitan - pada 25/8/2025 - jumlah : 374 hits
The High Court says Haniff Khatri Abdulla never informed the party that his services were given in exchange for payment Lawyer Haniff Khatri Abdulla s lawsuit against Bersatu its president Muhyiddin Yassin and two other party office bearers...

Should Hard Up For Type C Dollar Be Blamed For Spate Of Chinese Mainlanders Crimes In Malaysia

papar berkaitan - pada 17/8/2025 - jumlah : 808 hits
CHINA nationals have earned the wrath of a rightist Malay group following an alarming rate of indecency to their host country This follows five crime incidents over the past one month alone which showcased their disrespect to the Malaysian ...

Court Bins Farhash S Ad Interim Injunction Bid Against Malaysianow

papar berkaitan - pada 27/8/2025 - jumlah : 1007 hits
The Shah Alam High Court has dismissed businessperson Farhash Wafa Salvador Rizal Mubarak and other plaintiffs bid for an ad interim injunction to bar MalaysiaNow from producing articles on him pending a hearing of the injunction bid on Thu...