Ringgit Weakening Against US Dollar Amid Expectations of Tight US Monetary Policy
===============
#edbf6f6a ver:1.2
The ringgit is weakening against the US dollar due to expectations of a tight US monetary policy. The US Federal Reserve is expected to maintain its tight stance, supporting the dollar. The ringgit is also under pressure from the strengthening US dollar. Traders are monitoring US data and Malaysia's GDP growth. The ringgit could have a stronger bias if US inflation data aligns with expectations. However, tensions between the US and China could impact its performance. The ringgit has more upside potential and could reach 4.50 against the US dollar by year-end. #ringgit #USD #monetarypolicy #inflation #GDP...
#newstr #Ringgit #UsDollar #UsFederalReserve #MonetaryPolicy #Inflation #CurrencyExchange
https://here.news/story/edbf6f6a?ver=1.2
Ringgit Gains Ground Against US Dollar Amid DXY Decline /
npub1zx…7lxx0
2024-05-13 03:03:13
Author Public Key
npub1zxyha8zzhl38krmwhek7svza3v5zwk3yp9xd44uhdzq6wwj79n7sa7lxx0Seen on
wss://relay.damus.ioPublished at
2024-05-13 03:03:13Event JSON
{
"id": "b9886bfe67fdb59d93a5ea14f7a67b2039ad1b5a21f5779e29e0a910180ecfb0",
"pubkey": "11897e9c42bfe27b0f6ebe6de8305d8b28275a24094cdad7976881a73a5e2cfd",
"created_at": 1715569393,
"kind": 1,
"tags": [],
"content": "Ringgit Weakening Against US Dollar Amid Expectations of Tight US Monetary Policy\n===============\t\n#edbf6f6a ver:1.2\n\nThe ringgit is weakening against the US dollar due to expectations of a tight US monetary policy. The US Federal Reserve is expected to maintain its tight stance, supporting the dollar. The ringgit is also under pressure from the strengthening US dollar. Traders are monitoring US data and Malaysia's GDP growth. The ringgit could have a stronger bias if US inflation data aligns with expectations. However, tensions between the US and China could impact its performance. The ringgit has more upside potential and could reach 4.50 against the US dollar by year-end. #ringgit #USD #monetarypolicy #inflation #GDP...\n\n#newstr #Ringgit #UsDollar #UsFederalReserve #MonetaryPolicy #Inflation #CurrencyExchange \n\n https://here.news/story/edbf6f6a?ver=1.2",
"sig": "a29d4c22f3ba1a133860336b83c61b0422ac003df88c02b9f5494215b5a6ca2d275c58a23ffb8d7dd0522c4ea3187d8bd748970d1e09115ef9d7ad0c2395375c"
}