Weak US Data Puts Pressure on Malaysian Ringgit to Break 4.70 Against US Dollar
===============
#edbf6f6a ver:1.37
Weak US data puts pressure on Malaysian Ringgit to break 4.70 against US Dollar. Despite signs of weakness in the US economy, the ringgit remains stable. Concerns over the French election and a dovish pause by the Bank of England contribute to a stronger DXY. Fed speakers emphasize the need for more data before considering easing. Expected stable domestic inflation may help keep the ringgit stable. A neutral outlook is expected for the week ahead, with the pair likely to trade near its 5-day EMA of 4.713. #USdata #Ringgit #Forex...
#newstr #MalaysianRinggit #UsEconomy #ForeignExchange #EconomicIndicators
https://here.news/story/edbf6f6a?ver=1.37
Ringgit Gains Ground Against US Dollar Amid DXY Decline /
npub1zx…7lxx0
2024-06-22 04:00:08
Author Public Key
npub1zxyha8zzhl38krmwhek7svza3v5zwk3yp9xd44uhdzq6wwj79n7sa7lxx0Seen on
wss://relay.damus.ioPublished at
2024-06-22 04:00:08Event JSON
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"content": "Weak US Data Puts Pressure on Malaysian Ringgit to Break 4.70 Against US Dollar\n===============\t\n#edbf6f6a ver:1.37\n\nWeak US data puts pressure on Malaysian Ringgit to break 4.70 against US Dollar. Despite signs of weakness in the US economy, the ringgit remains stable. Concerns over the French election and a dovish pause by the Bank of England contribute to a stronger DXY. Fed speakers emphasize the need for more data before considering easing. Expected stable domestic inflation may help keep the ringgit stable. A neutral outlook is expected for the week ahead, with the pair likely to trade near its 5-day EMA of 4.713. #USdata #Ringgit #Forex...\n\n#newstr #MalaysianRinggit #UsEconomy #ForeignExchange #EconomicIndicators \n\n https://here.news/story/edbf6f6a?ver=1.37",
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