Rise In Oil Prices Lifts Ringgit Higher At Close


 

KUALA LUMPUR: The ringgit maintained its upward trajectory to close higher against the US dollar and major currencies, mainly lifted by rising oil prices.
At 6pm, the ringgit was trading at 4.4845/4.4900 against the greenback, up from yesterday’s close of 4.4870/4.4925.UOB Kay Hian Wealth Advisors’ head of investment research Sedek Jantan said the ringgit’s performance is partly driven by a recovery in Brent crude oil prices, which have risen above US$73 (RM327.58) per barrel at the time of writing.
He said the oil market’s uptrend was driven by concerns over a potential supply glut and declining demand in the coming year.
“Additionally, strong performance in the domestic equity market, driven by year-end portfolio adjustments, helped boost demand for the ringgit,” he said.
However, he anticipated demand for the ringgit to soften during this quiet trading week, as many traders are in a holiday mood with Christmas celebrations tomorrow and the New Year approaching.
“We also foresee higher demand for the US stocks this week following last week’s major sell-off, which could limit interest in the ringgit,” he told Bernama.
Overall, the ringgit strengthened against several major currencies.
It appreciated against the Japanese yen to 2.8547/2.8586 from yesterday’s close of 2.8636/2.8673, rose versus the British pound to 5.6209/5.6278 from 5.6384/5.6453, and edged higher vis-a-vis the euro to 4.6603/4.6660 from 4.6692/4.6749.
The local currency showed mixed performance compared to Asean currencies.
It gained against the Singapore dollar, trading at 3.2979/3.3024 compared with 3.3095/3.3138 previously, and was slightly higher against the Philippine peso at 7.66/7.68 from 7.67/7.68.
It was flat versus the Indonesian rupiah at 276.9/277.4 and was weaker vis-a-vis the Thai baht to 13.1283/13.1517 from 13.1137/13.1360. - FMT


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

http://malaysiansmustknowthetruth.blogspot.com/2024/12/rise-in-oil-prices-lifts-ringgit-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
Cost Of Going Green Higher Food Prices

Cost Of Going Green Higher Food Prices

papar berkaitan - pada 22/12/2024 - jumlah : 172 hits
Climate change has made it more costly to produce food but going green is not going to make it cheaper according to data unveiled by the Department of Statistics Malaysia in November It is estimated that food will cost 39 more in 2050 the y...
Ringgit Opens Higher Despite Greenback S Safe Haven Appeal

Ringgit Opens Higher Despite Greenback S Safe Haven Appeal

papar berkaitan - pada 12/12/2024 - jumlah : 137 hits
KUALA LUMPUR The ringgit rose against the US dollar in early trade on Thursday despite the greenback s appeal as a safe haven currency remaining firm amid the risk averse sentiment surrounding the market At 8 11am the ringgit appreciated to...
Ringgit Edges Up Against Us Dollar Amid Cautious Sentiment

Ringgit Edges Up Against Us Dollar Amid Cautious Sentiment

papar berkaitan - pada 17/12/2024 - jumlah : 170 hits
KUALA LUMPUR The ringgit opened slightly higher against the US dollar in early trade today amid cautious sentiment following mixed data from the US PMI index for manufacturing which caused the US Dollar Index to slip to 106 858 points from ...
Ringgit Flat Against Us Dollar Strengthens On Other Currencies

Ringgit Flat Against Us Dollar Strengthens On Other Currencies

papar berkaitan - pada 20/12/2024 - jumlah : 228 hits
KUALA LUMPUR The ringgit opened nearly flat against the US dollar as the outcome of the two day Federal Open Market Committee meeting and stronger US economic data are expected to remain supportive of the dollar an economist said However th...
Orphanage In Kulai Ordered To Temporarily Close After Rape Abuse Allegations

Orphanage In Kulai Ordered To Temporarily Close After Rape Abuse Allegations

papar berkaitan - pada 18/12/2024 - jumlah : 334 hits
Johor executive councillor Khairin Nisa Ismail Md On urged the public to help address child abuse cases by reporting to the police or the nearest JKM office JOHOR BAHRU A privately run orphanage in Kulai which went viral after its chairman ...
Ringgit Strengthens Against Us Dollar As Dxy Declines

Ringgit Strengthens Against Us Dollar As Dxy Declines

papar berkaitan - pada 23/12/2024 - jumlah : 123 hits
KUALA LUMPUR The ringgit opened stronger against the US dollar on Monday supported by a decline in the US Dollar Index last Friday according to an economist As of 8am the ringgit was trading at 4 5010 4 5100 against the greenback up from 4 ...
Ringgit Extends Losses Amid Cautious Sentiment Ahead Of Next Week S Fomc Meeting

Ringgit Extends Losses Amid Cautious Sentiment Ahead Of Next Week S Fomc Meeting

papar berkaitan - pada 14/12/2024 - jumlah : 254 hits
KUALA LUMPUR The ringgit closed lower against the US dollar for the fifth consecutive day on Friday amid mounting cautious sentiment ahead of the Federal Open Market Committee s meeting on Dec 17 18 At 6 pm the local currency slid to 4 4475...
Ringgit Extends Loss After Us Cpi Data Release

Ringgit Extends Loss After Us Cpi Data Release

papar berkaitan - pada 13/12/2024 - jumlah : 192 hits
KUALA LUMPUR The ringgit closed lower against the US dollar for the fourth consecutive day today after the US consumer price index rose the most in seven months although it stood in line with forecasts The November US CPI expanded 2 7 highe...
Rising Blood Pressure On Standing Not Linked To Higher Heart Disease Risk In Malays

Rising Blood Pressure On Standing Not Linked To Higher Heart Disease Risk In Malays

papar berkaitan - pada 13/12/2024 - jumlah : 143 hits
PUNCA UTAMA Berdasarkan kajian Atherosclerosis Risk in Communities hipertensi berdiri dikaitkan dengan risiko yang lebih tinggi untuk penyakit kardiovaskular Namun peningkatan orthostatik dalam SBP tidak menunjukkan kaitan yang signifikan K...
Wan Fayhsal Defends Pas Over Hate Speech Claim Blames Dap Instead

Influencer Sounds Alarm After Paedophile Fb Group Uses Her School Pics

Saya Tercampak Keluar Mayat Menimpa Saya Mangsa

Hiburan Penyanyi Lagu Basstamam Dedah Kini Bergelar Duda Setelah Setahun Bernikah

Lokomotif Pertama Beroperasi Di Tanah Melayu

Investor Partnering Benefits Risks

Family Insurance In Malaysia How To Protect What Matters Most

Hari Lautan Sedunia Bukan Sahaja Ombak Kini Lautan Bersuara Melalui Kelunturan Karangnya


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


Adik Dah Pergi Tapi Nama Tetap Disebut Luahan Abang Meruntun Jiwa

Nutrisi Wajib Dalam Makanan Setelah Sakit Agar Tubuh Cepat Pulih

Realme P3 Ultra Akan Tiba Di Malaysia 16 Jun Ini

Waspada Taktik Penipuan Jualan Anak Pokok Buah Ceri Dan Tembikai Yang Menyalahgunakan Nama Serta Logo Mardi

Kurung 3 Lelaki Dalam Pangsapuri Empat Penjaga Ditahan

Ha Ha Ha Tiba Tiba Ada Line Jalan Di Lokasi Pelajar Upsi Maut