Ringgit Opens Stronger On Higher Expectations Of Us Rate Cut


 
KUALA LUMPUR: The ringgit opened firmer against the US dollar on Monday, extending its positive momentum, propelled by mounting expectations of a US Federal Funds Rate cut, which triggered a dramatic plunge in the US Dollar Index (DXY).
At 8 am, the local note further appreciated to 4.4085/4210 against the greenback from 4.4110/4145 at Friday’s close.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US DXY dropped to 103.830 points, suggesting an upside potential for the ringgit. 
Highlighting other factors behind the ringgit’s rally, he pointed out that the latest United States (US) job market data shows signs of a weakening trend, with the labour force participation rate dropping to 62.4 per cent, the lowest since January 2023, while the unemployment rate edged up to 4.1 per cent in February, from 4.0 per cent previously.
"During a Sunday interview with Fox News, US President Donald Trump indicated that the US economy is in a period of transition, deflecting concern on recessions.
"The degree of economic uncertainties has heightened as the tariff policies can be seen as inconsistent, leading to difficulties in assessing the impact on the broader economy,” he told Bernama.
Mohd Afzanizam said that as such, overall market sentiment could stay defensive in the immediate term. 
Meanwhile, the ringgit was traded higher against a basket of major currencies.
It rose versus the British pound to 5.7011/7172 from 5.7070/7115 at Friday’s close, surged against the euro to 4.7876/8012 from 4.7903/7941 and went up vis-a-vis the Japanese yen to 2.9872/9961 from  2.9909/9935 previously.  
The local currency also performed well against ASEAN currencies.
It was slightly up against the Singapore dollar to 3.3152/3251 from 3.3185/3214 last Friday, increased vis-a-vis the Thai baht to 13.0657/1109 from 13.1124/1290 and edged up versus the Indonesian rupiah to 270.5/271.4 from 270.6/271.0, but was flat against the Philippine peso at 7.71/7.74 from previous’s 7.71/7.73. - Bernama


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

http://malaysiansmustknowthetruth.blogspot.com/2025/03/ringgit-opens-stronger-on-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 Opens Marginally Higher Amid Mixed Market Sentiment

Ringgit Opens Marginally Higher Amid Mixed Market Sentiment

papar berkaitan - pada 27/2/2025 - jumlah : 174 hits
KUALA LUMPUR The ringgit opened marginally higher against the US dollar amid mixed market sentiment as the US Federal Reserve is expected to continue interest rate cuts with bond yields sliding amid tariff uncertainties At 8am the ringgit s...
Ringgit Rebounds As Weak Us Data Fuels Rate Cut Bets

Ringgit Rebounds As Weak Us Data Fuels Rate Cut Bets

papar berkaitan - pada 26/2/2025 - jumlah : 167 hits
KUALA LUMPUR The ringgit rebounded against the US dollar at the opening today after a weaker than expected US consumer confidence report weighed on the greenback reinforcing the narrative that monetary policy easing in the US should remain ...
Ringgit Opens Flat As Market Awaits Direction

Ringgit Opens Flat As Market Awaits Direction

papar berkaitan - pada 11/3/2025 - jumlah : 261 hits
KUALA LUMPUR The ringgit started the day flat against the US dollar as investors adopted a wait and see stance following Bank Negara Malaysia s recent decision to hold interest rates steady which weighed on sentiment At 8am the ringgit stoo...
Ringgit Rises Despite Stronger Us Dollar Index

Ringgit Rises Despite Stronger Us Dollar Index

papar berkaitan - pada 13/3/2025 - jumlah : 133 hits
KUALA LUMPUR The ringgit strengthened against the US dollar in early Thursday dealings supported by improved buying sentiment for the domestic currency despite a firmer US Dollar Index At 8 02am the ringgit advanced to 4 4150 4 4305 against...
Tax E Filing For Assessment Year 2024 Opens March 1

Tax E Filing For Assessment Year 2024 Opens March 1

papar berkaitan - pada 1/3/2025 - jumlah : 160 hits
PUTRAJAYA Taxpayers can submit tax return forms for the 2024 Year Remuneration and Year of Assessment via e filing starting March 1 says the Inland Revenue Board In a statement on Friday LHDN said that its e filing services can be accessed ...
Stronger Security Urged After Attempted Assault Of Girl At Mosque

Stronger Security Urged After Attempted Assault Of Girl At Mosque

papar berkaitan - pada 27/2/2025 - jumlah : 126 hits
The Federal Territories Islamic Religious Department was urged to coordinate stronger security at mosques and suraus under its supervision This followed an attempted assault of a girl who was performing Subuh prayer at a mosque recently Min...
Unlock Higher Earnings On 66 Lottery Tips For Success

Unlock Higher Earnings On 66 Lottery Tips For Success

papar berkaitan - pada 16/3/2025 - jumlah : 165 hits
A lot of people are searching for methods to earn money online particularly in the fast paced environment of today Although some platforms require investments technical skills or long hours of effort 66 Lottery offers a unique opportunity t...
No Plans To Lower Corporate Tax Rate Says Putrajaya

No Plans To Lower Corporate Tax Rate Says Putrajaya

papar berkaitan - pada 5/3/2025 - jumlah : 165 hits
The finance ministry said the lower tax rate for micro small and medium enterprises was aimed at enhancing their competitiveness and support economic growth PETALING JAYA The government does not intend to lower the corporate income tax rate...
Cheaper Riskier More Meaningful Why Malaysians Send Their Korban Abroad For Aidiladha

Lima Mangsa Kemalangan Maut Jerantut Feri Telah Dikenalpasti Buat Pusingan U Secara Mengejut Jadi Punca

Malaysians Flock To Thailand For Hari Raya Aidiladha Getaway

12 Pernikahan Artis Malaysia Bertemakan Outdoor

Reagan Airport Is Pausing Flights For Trump S Military Parade What Will It Mean For Travelers

Kalahkan China Indonesia Bertengger Di Urutan Ke 4 Kualifikasi Piala Dunia 2026 Zona Asia

Aidil Adha 2025 Rahsia Laksa Johor Dan Kisah Bibik

Back The Yusoff Rawther Anwar Ibrahim Case Does Two Wrongs Make A Right


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Calon Jamaah Haji Furoda 2025 Tidak Jadi Berangkat Cecep Abdullah Justru Diundang Langsung Oleh Kerajaan

5 Perusahaan Pialang Berjangka Resmi Memiliki Kantor Di Pontianak

Kenali Generasi Anda Boomers X Y Z Atau Alpha

5 Jenis Pelaburan Patuh Syariah Paling Menguntungkan Di Malaysia

Tak Sanggup Dengar Jeritan Dua Beradik Didera Ibu Amp Teman Lelaki Jiran Prihatin Buat Laporan

Disenarai Hitam Fahmi Reza Dakwa Dihalang Ke Luar Negara Mahu Penjelasan Bukit Aman