Ringgit Extends Gains As Fed Signals Rate Hold

The local note strengthens to 4.2350/4.2450, bringing year-to-date gains to 5.47%.
KUALA LUMPUR: The ringgit extended its upward momentum to open higher against the US dollar and other major currencies on Wednesday, after the US Federal Reserve signalled it was in no hurry to cut interest rates, opting instead to monitor the economy’s trajectory, an analyst said
At 8am, the local note strengthened to 4.2350/4.2450 versus the greenback, compared with Tuesday’s close of 4.2410/4.2465.
The ringgit has gained 5.47% year-to-date.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said Fed chair Jerome Powell’s testimony to the US house financial services committee showed policymakers were in no rush to cut the Fed Fund Rate.
Consequently, he said, the US Dollar Index (DXY) slipped further to 97.858 points, while Brent crude fell to US$67.14 per barrel.
“If the tone was less hawkish, it would cause bond yields to ease, and lower yields tend to make the US dollar less attractive to investors.
“This should benefit emerging market currencies, including the ringgit,” he noted.
He added that the ringgit closed 1.19% higher against the US dollar on Tuesday, settling at RM4.2438.
Afzanizam said the ringgit could potentially breach its immediate support level and hover around RM4.23 to RM4.24 today.
At the opening, the ringgit traded higher against a basket of major currencies.
It strengthened against the Japanese yen to 2.9211/2.9282 from 2.9256/2.9296 at Tuesday’s close, appreciated versus the British pound to 5.7651/5.7787 from 5.7707/5.7782, and rose against the euro to 4.9173/4.9289 from 4.9225/4.9289 previously.
The local note also traded firmer against its Asean counterparts.
It improved against the Singapore dollar to 3.3083/3.3164 from 3.3130/3.3178, rose to 12.9701/13.0147 from 12.9793/13.0021 versus the Thai baht, advanced vis-à-vis the Indonesian rupiah to 258.9/259.6 from 259.3/259.7, and gained against the Philippine peso to 7.40/7.43 from 7.41/7.44. - FMT

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

http://malaysiansmustknowthetruth.blogspot.com/2025/06/ringgit-extends-gains-as-fed-signals.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 Extends Gains On Tariff Uncertainty

papar berkaitan - pada 13/6/2025 - jumlah : 97 hits
Next week s Federal Open Market Committee meeting will be closely monitored by the market says analyst KUALA LUMPUR The ringgit continued to strengthen against the US dollar today buoyed by a softer US Dollar Index which declined by 0 25 to...

Seminggu Lagi Sebelum Keputusan Fed Reaksi Indeks Sekiranya Inflasi Mengubah Jangkaan

papar berkaitan - pada 11/6/2025 - jumlah : 87 hits
Pasaran AS menunjukkan ketahanan dan berkembang di tengah tengah ketidakpastian Optimisme adalah rapuh dan setiap penerbitan data makroekonomi baru adalah seperti melempar dadu Pertumbuhan selanjutnya dalam indeks adalah agak mungkin dalam ...

Penang Extends 5pct Discount For Overhang Property To All Buyers

papar berkaitan - pada 19/6/2025 - jumlah : 103 hits
The Penang state executive council today agreed to extend the five percent discount for the purchase of overhang properties in the state to all buyers Chief Minister Chow Kon Yeow said the conditions remain unchanged as previously announced...

Power Rate Exemptions For Low Usage Consumers

papar berkaitan - pada 22/6/2025 - jumlah : 167 hits
Tenaga Nasional says consumers who use less than 600 kWh a month will also enjoy higher incentive rates for energy efficiency A new national power tariff from July 1 includes exemptions for households with low usage says Tenaga Nasional PET...

Approach High Maths Failure Rate In Spm Systematically Says Association

papar berkaitan - pada 16/6/2025 - jumlah : 84 hits
PETALING JAYA A systematic approach to targeted intervention measures can help address the high Mathematics failure rate in Sijil Pelajaran Malaysia examinations says the Malaysia Association for Education Its secretary Hamidi Mookkaiyah sa...

Ringgit Rebounds As Us Dollar Weakens Despite Progress In Trade Talks

papar berkaitan - pada 12/6/2025 - jumlah : 196 hits
Investors remain cautious about tariffs and how they may impact the economy says analyst KUALA LUMPUR The ringgit strengthened against the US dollar as the greenback softened with the US Dollar Index slipping 0 1 to 99 0 points despite rene...

Ringgit Rises At The Close On Easing Tensions In Middle East

papar berkaitan - pada 25/6/2025 - jumlah : 128 hits
Market sentiment may stay guarded in the short term says analyst KUALA LUMPUR The ringgit ended higher against the US dollar buoyed by the apparent ceasefire in the Israel Iran conflict said an economist Bank Muamalat Malaysia Bhd chief eco...

Ringgit Opens Marginally Higher Against Greenback

papar berkaitan - pada 18/6/2025 - jumlah : 97 hits
Sentiment remains cautious among investors ahead of the US monetary policy later tonight KUALA LUMPUR The ringgit was slightly higher against the US dollar at today s opening with investors remaining cautious ahead of the US monetary policy...