Ringgit Retreats Against US Dollar Ahead of US Inflation Readings
===============
#edbf6f6a ver:1.21
The ringgit retreats against the US dollar as investors anticipate US inflation data. The US Federal Reserve is expected to maintain a tight monetary policy, supporting the dollar. The ringgit is expected to remain under pressure due to the strengthening of the US dollar. Traders are also monitoring major economic data and Malaysia's GDP growth. If US inflation data aligns with expectations, the ringgit could have a stronger bias. However, tensions between the US and China could impact its performance. AmBank Economics predicts the ringgit could reach 4.50 against the US dollar by year-end. #ringgit #USD #inflation #monetarypolicy #GDP...
#newstr #Ringgit #UsDollar #UsInflation #FederalReserve #MonetaryPolicy
https://here.news/story/edbf6f6a?ver=1.21
Ringgit Gains Ground Against US Dollar Amid DXY Decline /
npub1zx…7lxx0
2024-05-14 02:00:43
Author Public Key
npub1zxyha8zzhl38krmwhek7svza3v5zwk3yp9xd44uhdzq6wwj79n7sa7lxx0Seen on
wss://relay.damus.ioPublished at
2024-05-14 02:00:43Event JSON
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"content": "Ringgit Retreats Against US Dollar Ahead of US Inflation Readings\n===============\t\n#edbf6f6a ver:1.21\n\nThe ringgit retreats against the US dollar as investors anticipate US inflation data. The US Federal Reserve is expected to maintain a tight monetary policy, supporting the dollar. The ringgit is expected to remain under pressure due to the strengthening of the US dollar. Traders are also monitoring major economic data and Malaysia's GDP growth. If US inflation data aligns with expectations, the ringgit could have a stronger bias. However, tensions between the US and China could impact its performance. AmBank Economics predicts the ringgit could reach 4.50 against the US dollar by year-end. #ringgit #USD #inflation #monetarypolicy #GDP...\n\n#newstr #Ringgit #UsDollar #UsInflation #FederalReserve #MonetaryPolicy \n\n https://here.news/story/edbf6f6a?ver=1.21",
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