Ringgit Likely to Trade Cautiously Against US Dollar as Traders Await Economic Data
===============
#edbf6f6a ver:1.15
#Ringgit likely to trade cautiously against US dollar as traders await economic data. Market participants await US data including PPI, CPI, and Retail Sales. Ringgit projected to remain in narrow range of 4.73-4.74. Malaysia's Q1 GDP growth expected at 4.0%. Stronger bias if US inflation aligns, but US-China tensions could impact performance. Ringgit reacted to weak US Nonfarm Payrolls and BNM's rate decision. Depreciated to 4.7385/7410 against USD. Higher against GBP and JPY, lower against EUR. Lower against THB and IDR, higher against SGD. Upside potential, could reach 4.50 by year-end. #forex #economy...
#newstr #Ringgit #UsDollar #Trading #EconomicData #Gdp #Inflation #UschinaTensions
https://here.news/story/edbf6f6a?ver=1.15
Ringgit Gains Ground Against US Dollar Amid DXY Decline /
npub1zx…7lxx0
2024-05-11 02:57:28
Author Public Key
npub1zxyha8zzhl38krmwhek7svza3v5zwk3yp9xd44uhdzq6wwj79n7sa7lxx0Seen on
wss://relay.damus.ioPublished at
2024-05-11 02:57:28Event JSON
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"content": "Ringgit Likely to Trade Cautiously Against US Dollar as Traders Await Economic Data\n===============\t\n#edbf6f6a ver:1.15\n\n#Ringgit likely to trade cautiously against US dollar as traders await economic data. Market participants await US data including PPI, CPI, and Retail Sales. Ringgit projected to remain in narrow range of 4.73-4.74. Malaysia's Q1 GDP growth expected at 4.0%. Stronger bias if US inflation aligns, but US-China tensions could impact performance. Ringgit reacted to weak US Nonfarm Payrolls and BNM's rate decision. Depreciated to 4.7385/7410 against USD. Higher against GBP and JPY, lower against EUR. Lower against THB and IDR, higher against SGD. Upside potential, could reach 4.50 by year-end. #forex #economy...\n\n#newstr #Ringgit #UsDollar #Trading #EconomicData #Gdp #Inflation #UschinaTensions \n\n https://here.news/story/edbf6f6a?ver=1.15",
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