Ringgit Weakening Against US Dollar Amid Expectations of Tight US Monetary Policy
===============
#edbf6f6a ver:1.19
The ringgit is weakening against the US dollar due to expectations of a tight US monetary policy, with the US Federal Reserve expected to raise interest rates. Traders are monitoring economic data and Malaysia's GDP growth, while also keeping an eye on US-China tensions. The ringgit reacted to weak US Nonfarm Payrolls data and Bank Negara Malaysia's rate decision, depreciating against the dollar but rising against other major currencies. AmBank Economics predicts the ringgit could reach 4.50 against the dollar by year-end. #Ringgit #USdollar #monetarypolicy #economicdata #GDP #USChina #forex...
#newstr #Ringgit #UsDollar #ExchangeRate #UsMonetaryPolicy
https://here.news/story/edbf6f6a?ver=1.19
Ringgit Gains Ground Against US Dollar Amid DXY Decline /
npub1zx…7lxx0
2024-05-13 02:56:12
Author Public Key
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wss://relay.damus.ioPublished at
2024-05-13 02:56:12Event JSON
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"content": "Ringgit Weakening Against US Dollar Amid Expectations of Tight US Monetary Policy\n===============\t\n#edbf6f6a ver:1.19\n\nThe ringgit is weakening against the US dollar due to expectations of a tight US monetary policy, with the US Federal Reserve expected to raise interest rates. Traders are monitoring economic data and Malaysia's GDP growth, while also keeping an eye on US-China tensions. The ringgit reacted to weak US Nonfarm Payrolls data and Bank Negara Malaysia's rate decision, depreciating against the dollar but rising against other major currencies. AmBank Economics predicts the ringgit could reach 4.50 against the dollar by year-end. #Ringgit #USdollar #monetarypolicy #economicdata #GDP #USChina #forex...\n\n#newstr #Ringgit #UsDollar #ExchangeRate #UsMonetaryPolicy \n\n https://here.news/story/edbf6f6a?ver=1.19",
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