Ringgit Rebounds To Open Higher Against Us

KUALA LUMPUR: The ringgit rebounded to open higher against the US dollar ahead of the release of the US inflation report later today.
At 9 am, the ringgit edged up to 4.7620/7660 against the greenback compared with Wednesday's close of 4.7690/7730.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) gained 0.11 per cent to 103.942 points ahead of the release of the personal consumption expenditures (PCE) inflation report tonight.
"Should the PCE report (come out) higher than expected, it would bolster the value of the ringgit," he told Bernama.
Mohd Afzanizam added that market participants also continued to remain bullish on the US dollar as the anticipation for a rate cut in the near-term is waning.
He said the ringgit is in an oversold condition while BNM has indicated that the local unit is undervalued.
"Clearly, there is an upside risk for ringgit to appreciate, but at the moment, the markets are too fixated on the US Federal Reserve's (Fed) decision on rates.
"As such, the ringgit against US dollar is expected to maintain its narrow range of 4.76 to 4.77," he said.
Meanwhile, the ringgit was traded lower against a basket of major currencies, except against the Japanese yen whereby it improved to 3.1633/1668 from 3.1635/1664 at Wednesday’s close.
The local currency fell against the British pound to 6.0304/0368 from 6.0199/0250 yesterday, and slipped versus the euro to 5.1612/1666 from 5.1510/1553 previously.
The ringgit also performed better against other Asean currencies.
It edged up versus the Thai baht to 13.2140/2342 from Wednesday’s close of 13.2252/2421 and was up against the Singapore dollar at 3.5386/5429 compared to 3.5405/5437 previously.
The local note also gained versus the Philippine peso to 8.46/8.48 from 8.47/8.49 yesterday and inched up vis-a-vis the Indonesian rupiah to 303.4/303.9 from 303.8/304.3. - Bernama

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

http://malaysiansmustknowthetruth.blogspot.com/2024/02/ringgit-rebounds-to-open-higher-against.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

Don T Let Ringgit Breach Rm5 Against Dollar Pkr Mp Cautions

papar berkaitan - pada 28/2/2024 - jumlah : 224 hits
PARLIAMENT While stressing the government is not at fault for the poor ringgit performance a PKR MP cautioned the nation s economy will suffer if the local note rises above RM5 against the US dollar Subang MP Wong Chen said although it is n...

Ringgit Closes Slightly Higher Despite A Stronger Greenback

papar berkaitan - pada 21/2/2024 - jumlah : 330 hits
KUALA LUMPUR The ringgit ended slightly higher against the US dollar today although the greenback had strengthened as investors focused on the release of the US Federal Open Market Committee s meeting minutes an economist said Bank Muamalat...

Ringgit Likely To Hit 4 20 4 40 Against Us Dollar By Year End

papar berkaitan - pada 27/2/2024 - jumlah : 291 hits
KUALA LUMPUR The ringgit is expected to hit 4 20 4 40 against the US dollar by year end in view of the United States Federal Reserve s likely interest rate cut decision in anticipation of an economic recession in the US this year said Capit...

Prestasi Ringgit Tak Mencerminkan Prospek Positif Malaysia Kata Gabenor Bnm

papar berkaitan - pada 20/2/2024 - jumlah : 249 hits
Abdul Rasheed Ghaffour berkata pertumbuhan tahun ini akan dipacu peningkatan dalam permintaan luar dan perbelanjaan domestik yang kukuh PETALING JAYA Gabenor Bank Negara Malaysia Abdul Rasheed Ghaffour berkata prestasi ringgit pada masa ini...

Ringgit Falls To 26 Year Low As Growth Stalls

papar berkaitan - pada 20/2/2024 - jumlah : 159 hits
The value of the ringgit against the greenback has slid 4 so far this year PETALING JAYA The ringgit extended declines to the lowest level since the Asian Financial Crisis as China s sluggish economy weighs on the country s outlook The loca...

Cease Blame Game And Face Economic Challenges Head On Amid Sliding Ringgit Kian Ming Tells Putrajaya

papar berkaitan - pada 20/2/2024 - jumlah : 180 hits
Former Bangi MP Ong Kian Ming has urged the government today to acknowledge the current economic challenges rather than solely blaming past administrations especially on the 1Malaysia Development Berhad scandal for the depreciation of the r...

How Anwar Can Power The Ringgit

papar berkaitan - pada 20/2/2024 - jumlah : 323 hits
The value of the ringgit over time in a freely floating market is always a reflection of what the market thinks is the state of the economy political stability and outlook after taking into account what is happening results achieved and imp...

Ringgit Jatuh Lagi Ini Jawapan Bank Negara Ai

papar berkaitan - pada 21/2/2024 - jumlah : 280 hits
Dari zaman dolar Malaya dolar Malaysia dan Borneo hingga ringgit Malaysia nilai mata wang kita telah bergantung kepada pelbagai faktor ekonomi politik dan sosial Namun dalam tempoh beberapa tahun kebelakangan ini ringgit Malaysia telah meng...

Ringgit Closes Lower On Lack Of Buying Demand

papar berkaitan - pada 19/2/2024 - jumlah : 206 hits
KUALA LUMPUR The ringgit ended lower against the US dollar today on lack of buying demand amid cautious trading ahead of the release of the US Federal Open Market Committee meeting minutes this week said an economist Bank Muamalat Malaysia ...