Ringgit Weakens Against Us Dollar Amid Ongoing Trade War Concerns



(TS) – The ringgit closed weaker against the US dollar today, weighed down by cautious market sentiment following reports of a 104 per cent tariff imposed on China, indicating the likelihood of a prolonged trade war.
At 6 pm, the local currency stood at 4.4935/4990 against the greenback, compared to yesterday’s closing of 4.4885/4930.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that tit-for-tat trade actions could worsen the situation, as the US tariffs raise both business and living costs, ultimately weighing on global economic growth.
“We can safely say that the main focus among central banks is how monetary policy could be used to steer the economy, with, for example, sustaining growth as the immediate priority,”.
Mohd Afzanizam emphasised the significant uncertainty regarding whether global economies can reach an agreement with the US or will encounter a more aggressive approach.
He added that this fluid situation is likely to keep currency markets highly volatile in the near term.
Meanwhile, the ringgit was traded weaker against major currencies today.
It fell against the Japanese yen to 3.0921/0964 from 3.0501/0533, slipped against the euro to 4.9640/9700 from 4.9005/9055 and decreased against the British pound to 5.7629/7700 from 5.7210/7268 yesterday.
The local note was mostly traded lower against ASEAN currencies.
It slid versus the Thai baht to 12.9915/13.0153 from 12.8898/9094 and edged down against the Indonesian rupiah at 266.3/266.7 from 265.7/266.1 from yesterday’s close.
The ringgit was weaker against the Singapore dollar at 3.3349/3395 from 3.3224/3259 previously while almost flat against the Philippine peso at 7.83/7.85 from 7.83/7.84.
Source : TheStar
The post Ringgit weakens against US dollar amid ongoing trade war concerns appeared first on Malaysia Today.


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

https://www.malaysia-today.net/2025/04/10/ringgit-weakens-against-us-dollar-amid-ongoing-trade-war-concerns/

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 Firms Slightly Against Us In Early Trade

Ringgit Firms Slightly Against Us In Early Trade

papar berkaitan - pada 9/4/2025 - jumlah : 155 hits
KUALA LUMPUR The ringgit edged higher against the US dollar in early trade today recovering slightly on technical correction after recent losses amid a mixed overnight performance by the greenback At 8 05 am the local currency inched up to ...
Ringgit Closes Slightly Higher Amid Weaker Us Dollar Index

Ringgit Closes Slightly Higher Amid Weaker Us Dollar Index

papar berkaitan - pada 15/4/2025 - jumlah : 185 hits
KUALA LUMPUR The ringgit was slightly higher against the US dollar at the close today amid a decline in the US Dollar Index said an analyst Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the DXY continued its downward traj...
Malaysia S Strategic Opportunity In Us China Trade War

Malaysia S Strategic Opportunity In Us China Trade War

papar berkaitan - pada 12/4/2025 - jumlah : 215 hits
In the contemporary global trade environment the intensifying conflict between the United States and China has resulted in considerable economic upheaval However amid this volatility countries such as Malaysia are discovering avenues to str...
No Winners In A Trade War Tengku Zafrul Leads Mission To Defuse Us Tariff Tensions

No Winners In A Trade War Tengku Zafrul Leads Mission To Defuse Us Tariff Tensions

papar berkaitan - pada 9/4/2025 - jumlah : 168 hits
US President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs at the White House in Washington DC on April 2 2025 Reuters picKUALA LUMPUR April 8 Investment Trade and Industry Minister Tengku Datuk ...
The British War Against Russia Germany

The British War Against Russia Germany

papar berkaitan - pada 3/4/2025 - jumlah : 182 hits
Here is Emil Cosman again with his discovery that the British were not only on the ground in Ukraine but the Brits are behind all the major attacks like the attack against the Crimean Bridge blowing up the Nordstream 2 pipeline the Himars a...
Ringgit Opens Nearly Flat Amid Slight Uptick In Dxy

Ringgit Opens Nearly Flat Amid Slight Uptick In Dxy

papar berkaitan - pada 16/4/2025 - jumlah : 143 hits
KUALA LUMPUR The ringgit opened nearly flat against the US dollar on Wednesday as the US Dollar Index edged up slightly to 100 215 points after staying below the 100 point mark in recent days Bank Muamalat Malaysia Bhd chief economist Afzan...
Ringgit Opens Lower As Tariff Concerns Weigh On Sentiment

Ringgit Opens Lower As Tariff Concerns Weigh On Sentiment

papar berkaitan - pada 8/4/2025 - jumlah : 155 hits
KUALA LUMPUR The ringgit opened lower against the US dollar on Tuesday as investors stayed on the sidelines amid concerns over reciprocal tariff rates set to take effect on April 9 prompting a more cautious tone in the market At 8 05am the ...
Help Businesses Survive Uncertainty Due To Us China Trade War Govt Told

Help Businesses Survive Uncertainty Due To Us China Trade War Govt Told

papar berkaitan - pada 14/4/2025 - jumlah : 162 hits
Former finance minister Lim Guan Eng said many Malaysian companies were already facing cash flow issues and reduced demand BUKIT MERTAJAM Lim Guan Eng has called on the government to assist businesses amid the economic uncertainty resulting...
Ringgit Extends Gains Amid Tariff Policy Uncertainty

Ringgit Extends Gains Amid Tariff Policy Uncertainty

papar berkaitan - pada 15/4/2025 - jumlah : 224 hits
KUALA LUMPUR The ringgit opened higher against the US dollar on Tuesday as market sentiment remained cautious amid ongoing inconsistencies in US import tariff policies with the White House reportedly planning new levies on semiconductors an...
Pos Malaysia Drops Fossil Stamps To Celebrate Dino Era Finds

Momen Yang Tidak Akan Terhilang

Bullying Case Expulsions A Lesson For Mara College Students Says Asyraf

Be A Critic But Don T Be Lazy With Your Facts Hannah Yeoh S Pol Sec Lambasts Mca Youth S Neow Over Fam Issue

The Traffic School That Works Around Your Life Not The Other Way Around

Travel Tips To Bali From Malaysia Don T Buy Your Ticket To Bali Without This Guide

Dorset Beach House A Sustainable Coastal Renovation By Architecture For London

Kesan Buruk Disebabkan Ikan Tilapia Hitam


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


Just Because

Drama Jutawan Ekspres

Raja Selfie Malaysia

Ucapan Hari Lahir Untuk Isteri Islamik Romantik Lucu English

Tindakan Halau Individu Dari Surau Bukan Persetujuan Ajk Tegas Musolla Halaman 11

Makan Mee Sotong Pasembur Di Restoran Al Sinin