Ringgit Gains Ground Against US Dollar Amid DXY Decline

Ringgit, US dollar, DXY, foreign exchange, economy

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Last Notes

2024-08-18 02:05:56

Japanese Rubber Futures Rise Amid Global Supply Pressures
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#edbf6f6a ver:1.52
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#newstr #JapaneseRubberFutures #GlobalSupplyPressures #OsakaExchange #ShanghaiFuturesExchange #SoutheastAsia #UsEconomicData #China'sEconomicRecovery #Thailand #Nikkei #SingaporeExchange
https://here.news/story/edbf6f6a?ver=1.52

2024-08-06 11:12:05

Mixed Isoprene Rubber Price Trends in the USA and Japanese Markets Amid Recovering Malaysian Rubber Market
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#edbf6f6a ver:1.51
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#newstr #IsopreneRubber #Usa #JapaneseMarkets #Automotive #Industrial #Prices
https://here.news/story/edbf6f6a?ver=1.51

2024-07-20 03:14:30

Malaysian Rubber Market Expected to Recover Next Week Amid Bad Weather Conditions
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#edbf6f6a ver:1.5
...
#newstr #MalaysianRubberMarket #WeatherConditions #SupplyChain #CommodityPrices #ExchangeRate #MalaysianRubberBoard
https://here.news/story/edbf6f6a?ver=1.5

2024-07-19 05:06:21

Ringgit Likely Rangebound Within 4.660–4.686 Next Week Amid Lack Of Catalysts
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#edbf6f6a ver:1.49
...
#newstr #Ringgit #Usd #ExchangeRate #KenangaInvestmentBank #China #Gdp #Inflation #RateCut #UsMacroReadings #Pboc #Bnm
https://here.news/story/edbf6f6a?ver=1.49

2024-07-19 02:19:46

Ringgit Strengthens Against US Dollar, but Inched Lower on Mild Profit-Taking and Rebounds Ahead of Malaysia's 2Q 2024 GDP Estimates
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#edbf6f6a ver:1.48
...
#newstr #MalaysianRinggit #UsDollar #Profittaking #Malaysia'sGdp #ExchangeRate
https://here.news/story/edbf6f6a?ver=1.48

2024-07-15 01:02:19

Ringgit Strengthens Against US Dollar, but Inched Lower on Mild Profit-Taking
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#edbf6f6a ver:1.47
The Malaysian ringgit strengthens against the US dollar, but recent profit-taking causes a slight decline. The ringgit is projected to appreciate further, with a target of RM4.50 against the US dollar by year-end. Foreign investments and investor confidence contribute to its positive outlook. However, exchange rates can be volatile, influenced by factors like inflation and geopolitical tensions. Stay informed and monitor market conditions. #MalaysianRinggit #CurrencyExchange #MarketConditions...
#newstr #MalaysianRinggit #UsDollar #Profittaking #Inflation
https://here.news/story/edbf6f6a?ver=1.47

2024-07-15 01:02:19

2024-07-14 04:56:04

Malaysian Ringgit Expected to Strengthen Further, Reaching 4.65 Against US Dollar Next Week
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#edbf6f6a ver:1.46
The Malaysian ringgit is expected to strengthen further against the US dollar, reaching 4.65 next week. Factors such as strong economic recovery, positive economic indicators, and increased investor confidence contribute to this upward trend. However, risks like inflation and geopolitical tensions should be considered. #MalaysianRinggit #CurrencyExchange #EconomicRecovery...
#newstr #MalaysianRinggit #UsDollar #ExchangeRate #EconomicRecovery
https://here.news/story/edbf6f6a?ver=1.46

2024-06-26 07:57:47

Malaysia's Economic Success to Bolster Ringgit Against US Dollar, Says Deputy Finance Minister
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#edbf6f6a ver:1.44
Malaysia's ringgit is set to strengthen against the US dollar in Q4 2024, driven by the country's economic success and increased investor confidence. With a target of RM4.50 against the US dollar, Malaysia's approved investment of RM83.7 billion in Q1 2024 and a 1.4% strengthening since February 26, the ringgit is poised for growth. Factors like commodity prices and economic growth projections will influence its movement. #Malaysia #ringgit #economy #investorconfidence...
#newstr #MalaysianRinggit #CurrencyExchangeRate #EconomicPerformance
https://here.news/story/edbf6f6a?ver=1.44

2024-06-26 07:00:38

Ringgit Expected to Strengthen Against US Dollar in Last Quarter of 2024
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#edbf6f6a ver:1.43
The Malaysian ringgit is expected to strengthen against the US dollar in Q4 2024, with a target of RM4.50 set by the Finance Minister. This positive outlook is supported by increased investment and the ringgit's 1.4% strengthening since February 26, 2024. #Malaysia #currency #economy...
#newstr #Ringgit #UsDollar #ExchangeRate #Economy #Investment
https://here.news/story/edbf6f6a?ver=1.43

2024-06-26 06:02:07

Ringgit Expected to Strengthen Against US Dollar in Last Quarter of 2024
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#edbf6f6a ver:1.42
The Malaysian ringgit is expected to strengthen against the US dollar in Q4 2024, with a target of RM4.50 set by the Finance Minister. This positive outlook is supported by a 13% YoY increase in approved investments and the ringgit's 1.4% strengthening since February 26, 2024. #Malaysia #currency #economy...
#newstr #Ringgit #UsDollar #CurrencyExchangeRate #MalaysianEconomy
https://here.news/story/edbf6f6a?ver=1.42

2024-06-25 02:58:55

Ringgit Opens Lower Against US Dollar Amid Cautious Economic Outlook
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#edbf6f6a ver:1.41
The Malaysian ringgit opens lower against the US dollar due to cautious economic outlook. Investors favor safe haven currencies, but the ringgit appreciates against other major currencies. It is expected to trade in a narrow range as the US Federal Reserve keeps rates steady. Global economic sentiment prompts some investors to shift towards emerging currencies. #Ringgit #USdollar #economy...
#newstr #Ringgit #UsDollar #UsPce #GlobalEconomicSentiment
https://here.news/story/edbf6f6a?ver=1.41

2024-06-24 03:02:15

Ringgit Opens Lower Against US Dollar Amid Cautious Economic Outlook
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#edbf6f6a ver:1.4
The Malaysian ringgit opens lower against the US dollar due to cautious economic outlook. Investors favor safe haven currencies. The ringgit is expected to trade in a narrow range as the US Federal Reserve keeps rates steady. It appreciates against major currencies but goes down against the Thai baht. #Ringgit #USdollar #economy...
#newstr #Ringgit #UsDollar #CurrencyExchange #Economy
https://here.news/story/edbf6f6a?ver=1.4

2024-06-24 01:57:00

Ringgit Opens Lower Against US Dollar, Expected to Trade in Narrow Range
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#edbf6f6a ver:1.39
The Malaysian ringgit opens lower against the US dollar due to investor preference for safe haven currencies. It is expected to trade in a narrow range as the US Federal Reserve keeps rates steady. The ringgit also opens higher against major currencies, except for the Thai baht, but depreciates against the Indonesian rupiah and Philippines' peso. #Ringgit #Forex #CurrencyTrading...
#newstr #Ringgit #UsDollar #ExchangeRate #Investors #SafeHavenCurrencies #FederalReserve #Economist #JapaneseYen #BritishPound #Euro #ThaiBaht #SingaporeDollar #IndonesianRupiah #PhilippinesPeso
https://here.news/story/edbf6f6a?ver=1.39

2024-06-23 06:59:35

Ringgit Likely to Trend Lower Against the US Dollar, Expected to Stay Around 4.71 Range
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#edbf6f6a ver:1.38
The Malaysian ringgit is expected to trend lower against the US dollar, staying around the 4.71 range. Market players will be watching the US GDP figures next week. The ringgit has strengthened against major currencies but traded mostly higher against ASEAN currencies. #Ringgit #USD #Forex...
#newstr #Ringgit #UsDollar #ExchangeRate #Economy #BankMuamalatMalaysia
https://here.news/story/edbf6f6a?ver=1.38

2024-06-22 04:00:08

Weak US Data Puts Pressure on Malaysian Ringgit to Break 4.70 Against US Dollar
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#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

2024-06-22 04:00:08

2024-06-21 12:00:14

Ringgit Extends Losses Against US Dollar Despite Weaker US Economic Data
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#edbf6f6a ver:1.36
Despite weaker US economic data, the Malaysian ringgit extended its losses against the US dollar. The US Federal Reserve's hawkish stance continues to favor the dollar. Market players await US GDP data and Fed speakers for further market direction. However, the ringgit traded higher against other major currencies. #forex #USD #ringgit...
#newstr #Ringgit #UsDollar #ForexMarket #Economy
https://here.news/story/edbf6f6a?ver=1.36

2024-06-21 09:57:06

Growing Caution Pressures Ringgit To Trade Rangebound Above 4.70/USD
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#edbf6f6a ver:1.35
Growing caution pressures the Malaysian ringgit to trade rangebound above 4.70/USD as the US dollar's improved sentiment drives it lower. The ringgit strengthens against major currencies but weakens against the euro and its ASEAN peers. Weakness in the US economy and concerns over the French election contribute to the ringgit's instability. Stable domestic inflation and weak US data may impact the ringgit's performance in the coming week. The USDMYR's neutral outlook is expected to persist, with a possible range of 4.700-4.729. #ringgit #forex #USD #economy...
#newstr #Ringgit #UsDollar #AseanCurrencies #UsEconomy
https://here.news/story/edbf6f6a?ver=1.35

2024-06-20 02:00:56

Ringgit Opens Marginally Lower Against Strengthening US Dollar
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#edbf6f6a ver:1.34
The Malaysian ringgit opens slightly lower against the US dollar due to the dollar's improved sentiment. It strengthens against major currencies but weakens against the euro. It also declines against ASEAN peers like the Singapore dollar and Thai baht. The outlook for a strong US dollar remains intact. #forex #currency #USD #ringgit...
#newstr #Ringgit #UsDollar #ExchangeRate #BankMuamalatMalaysia #ForeignCurrencies #Asean
https://here.news/story/edbf6f6a?ver=1.34

2024-06-11 06:59:32

Kenanga Research Predicts Ringgit to Reach RM4.42 Against US Dollar by Year-End
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#edbf6f6a ver:1.33
Kenanga Research predicts that the Malaysian ringgit will appreciate to RM4.42 against the US dollar by year-end. Factors such as US nonfarm payroll figures, potential rate cuts by the US Federal Reserve, and Malaysia's solid fundamentals contribute to this forecast. The ringgit rebounded in May and is one of the best-performing ASEAN currencies. Inflation rates are expected to remain stable, and the Bank Negara Malaysia is likely to maintain the overnight policy rate at 3.00%. #Ringgit #Appreciation #USdollar #Economy...
#newstr #MalaysianRinggit #UsDollar #ExchangeRate #EconomicOutlook
https://here.news/story/edbf6f6a?ver=1.33

2024-06-11 05:59:52

Ringgit's Potential to Strengthen Against the US Dollar by Year-End
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#edbf6f6a ver:1.32
The Malaysian ringgit is expected to remain stable against the US dollar this week, but has potential to appreciate to 4.42 by year-end. Factors such as the upcoming Federal Open Market Committee meeting and US non-farm payrolls data will influence market sentiment. Malaysia's solid fundamentals and government efforts may also strengthen the ringgit. Inflation rates are expected to remain stable, and the Bank Negara Malaysia is expected to keep the overnight policy rate unchanged. #Ringgit #USdollar #economy #forex...
#newstr #Ringgit #Usd #ExchangeRate #Economy #FederalReserve #Malaysia
https://here.news/story/edbf6f6a?ver=1.32

2024-06-11 02:59:00

Ringgit's performance against US dollar and Singapore dollar
===============
#edbf6f6a ver:1.31
The Malaysian ringgit is expected to remain stable against the US dollar this week, hovering around 4.7000, as markets assess the global economic outlook. The upcoming Federal Open Market Committee meeting and US non-farm payrolls data will influence market sentiment. The ringgit is projected to stabilize further against the Singapore dollar, ranging between 3.43 to 3.45 by year-end, boosted by foreign direct investments and synergistic efforts by the government. However, sustainability depends on US Federal Reserve decisions. #Ringgit #USD #SGD #Economy...
#newstr #Ringgit #UsDollar #SingaporeDollar #ForeignDirectInvestments #JohorsingaporeSpecialEconomicZone #UsFederalReserve #InterestRates
https://here.news/story/edbf6f6a?ver=1.31

2024-05-30 02:02:12

Ringgit Opens Lower Against USD, but Mostly Higher Against Other Major Currencies
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#edbf6f6a ver:1.29
The Malaysian ringgit opens lower against the USD but higher against other major currencies. Analysts monitor its performance closely. Efforts to attract investors and rising tourism boost the ringgit, but a potential US interest rate hike poses challenges. Structural reforms and persuasion are recommended to build investor confidence. #Ringgit #CurrencyExchange #Investment #Tourism...
#newstr #MalaysianRinggit #CurrencyExchangeRates #Usd #MajorCurrencies
https://here.news/story/edbf6f6a?ver=1.29

2024-05-28 10:01:32

Malaysian Ringgit Strengthens Against US Dollar, Attracting Inflow of Funds from Investors
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#edbf6f6a ver:1.27
The Malaysian ringgit strengthens against the US dollar, attracting funds from investors. It outperforms other regional currencies, making it the top performer. Efforts to attract investors and rising tourism contribute to its strength. However, caution is advised due to potential impact of US interest rate hike. Structural reforms and persuasion are recommended to build investor confidence. #MalaysianRinggit #Investors #CurrencyStrength #USInterestRates...
#newstr #MalaysianRinggit #UsDollar #Investors #InflowOfFunds #FinanceMinistry #InterestRates #UsFederalReserve #StructuralEconomicReforms #CapitalControls
https://here.news/story/edbf6f6a?ver=1.27

2024-05-27 01:58:00

Malaysian Ringgit Strengthens Against US Dollar Amid Positive Economic Factors
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#edbf6f6a ver:1.26
The Malaysian ringgit has strengthened against the US dollar due to positive economic factors such as increased oil prices and a strong global economic recovery. This improvement is seen as a positive sign for the Malaysian economy. #MalaysianRinggit #EconomicRecovery...
#newstr #MalaysianRinggit #UsDollar #ExchangeRate
https://here.news/story/edbf6f6a?ver=1.26

2024-05-26 08:01:46

Ringgit Strengthens Against US Dollar and Regional Currencies
===============
#edbf6f6a ver:1.25
The Malaysian ringgit has strengthened by 2.0% against the US dollar and outperformed 10 regional currencies. The Finance Ministry attributes this success to government efforts to promote inflows into the forex market, including repatriating income from foreign investments and increasing interactions with exporters. The rising number of foreign tourists has also boosted demand for the ringgit. #RinggitStrength #ForexMarket #MalaysiaEconomy...
#newstr #Ringgit #RegionalCurrencies #ForexMarket #FinanceMinistry #MadaniGovernment
https://here.news/story/edbf6f6a?ver=1.25

2024-05-17 12:01:48

Ringgit Retreats Against US Dollar on Profit-Taking
===============
#edbf6f6a ver:1.23
The ringgit retreats against the US dollar on profit-taking, closing slightly lower at 4.6865/6890. Despite this, the ringgit has appreciated since May, showing the resilience of the Malaysian economy. The first quarter GDP growth exceeded expectations at 4.2%. The ringgit also strengthened against other major currencies and ASEAN currencies. #Ringgit #USD #GDP #Malaysia...
#newstr #Ringgit #UsDollar #Profittaking #CurrencyExchange #BankNegaraMalaysia
https://here.news/story/edbf6f6a?ver=1.23

2024-05-14 03:00:45

Ringgit Retreats Against US Dollar Ahead of US Inflation Readings
===============
#edbf6f6a ver:1.22
The ringgit retreats against the US dollar as investors anticipate US inflation data. The US Federal Reserve's tight monetary policy stance is expected to support the dollar. Traders are monitoring the impact of US monetary policy on the ringgit's exchange rate, which has been under pressure due to the strengthening of the US dollar. The ringgit is expected to remain under pressure in the near term. Market participants are also watching major economic data and Malaysia's Q1 GDP growth. The ringgit has more upside potential and could reach 4.50 by year-end. #ringgit #USD #inflation #monetarypolicy...
#newstr #Ringgit #UsInflation #CurrencyExchange #Economy
https://here.news/story/edbf6f6a?ver=1.22

2024-05-14 02:00:43

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

2024-05-13 03:03:13

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

2024-05-13 02:56:12

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

2024-05-12 08:58:08

Ringgit Expected to Trade Cautiously Against US Dollar as Traders Await Economic Data
===============
#edbf6f6a ver:1.18
#Ringgit expected to trade cautiously against US dollar as traders await economic data. Market participants will be digesting major data, including US inflation, to build conviction. If US inflation aligns with expectations, ringgit could have a stronger bias. Tensions between US and China could impact ringgit's performance. #Forex #EconomicData...
#newstr #Ringgit #UsDollar #Trading #EconomicData #Gdp
https://here.news/story/edbf6f6a?ver=1.18

2024-05-11 21:55:15

Ringgit Expected to Trade Cautiously Against US Dollar as Traders Await Economic Data
===============
#edbf6f6a ver:1.16
#Ringgit expected to trade cautiously against US dollar as traders await economic data. Market participants will be digesting major data, including US CPI, PPI, and retail sales. Malaysia's Q1 GDP growth projected at 4%. US inflation data could trigger significant sell-off in USD. Ringgit's performance may be impacted by US-China tensions. #Forex #Economy...
#newstr #Ringgit #UsDollar #Trading #EconomicData #FederalReserve #Gdp #Inflation
https://here.news/story/edbf6f6a?ver=1.16

2024-05-11 02:57:28

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

2024-05-09 01:58:56

Ringgit Opens Weaker Against US Dollar Amidst Mixed Economic Data and Rate Cut Anticipation
===============
#edbf6f6a ver:1.13
The ringgit opened weaker against the US dollar due to mixed economic data and anticipation of a rate cut by the US Federal Reserve. The currency exchange rate was X ringgit to 1 US dollar. The opening was reported by New Straits Times on X date. #Ringgit #USdollar #economy #ratecut...
#newstr #Ringgit #UsDollar #FederalReserve #InterestRates #CurrencyExchange #Economy
https://here.news/story/edbf6f6a?ver=1.13

2024-05-08 12:02:31

Ringgit Ends Lower Against US Dollar Amidst Mixed Economic Data and Rate Cut Anticipation
===============
#edbf6f6a ver:1.12
The ringgit ended lower against the US dollar amidst mixed economic data and anticipation of a rate cut by the US Federal Reserve. The ringgit traded higher against major currencies, except the Indonesian rupiah, and remains fairly stable. The US Dollar Index strengthened, causing regional currencies to depreciate. Traders are looking ahead to next week's inflation data to determine the dollar's next move. #Ringgit #USDollar #EconomicData #RateCut #CurrencyExchange...
#newstr #Ringgit #UsDollar #ForeignExchange #Currency #Economy
https://here.news/story/edbf6f6a?ver=1.12

2024-05-02 03:01:18

Ringgit Opens Slightly Lower Against US Dollar as Fed Leaves Interest Rate Unchanged
===============
#edbf6f6a ver:1.08
The ringgit opens slightly lower against the US dollar as the Fed keeps interest rates unchanged. The currency exchange rate is impacted, with the ringgit rising against the pound and euro but falling against the yen. The ringgit remains stable along with other major currencies strengthening against the US dollar. #Ringgit #USdollar #Fed #interestrates...
#newstr #Ringgit #UsDollar #FederalReserve #InterestRates #CurrencyExchange #Economy
https://here.news/story/edbf6f6a?ver=1.08

2024-05-02 01:58:00

Ringgit Opens Slightly Lower Against US Dollar After FED Leaves Interest Rate Unchanged
===============
#edbf6f6a ver:1.07
The ringgit opens slightly lower against the US dollar as the Federal Reserve keeps interest rates unchanged. The currency exchange rate is impacted by this decision. The ringgit remains stable, along with other major currencies, against the US dollar. #Ringgit #USD #FederalReserve...
#newstr #Ringgit #UsDollar #Fed #InterestRate #CurrencyExchange #Economy
https://here.news/story/edbf6f6a?ver=1.07

2024-04-30 00:57:00

Ringgit Ends Flat Against US Dollar as Investors Await Economic Assessment
===============
#edbf6f6a ver:1.05
The ringgit remains stable against the US dollar as investors await the US Federal Open Market Committee's economic assessment. Market participants maintain a cautious stance ahead of the meeting and key US labor market data. #Ringgit #USdollar #economicassessment #FOMC...
#newstr #Ringgit #UsDollar #CurrencyExchange #Economy
https://here.news/story/edbf6f6a?ver=1.05

2024-04-29 01:56:41

Ringgit Opens Weaker Against US Dollar as Investors Await Cues
===============
#edbf6f6a ver:1.03
The ringgit opened weaker against the US dollar as investors awaited cues, influenced by factors such as the strength of the greenback and lower-than-expected US GDP data. The ringgit is predicted to trend around 4.77 to the US dollar next week, with concerns about the Fed's stance on interest rate cuts. Investors are waiting for upcoming events to determine the direction of the ringgit. #Ringgit #USdollar #economy #Fed #interestrates...
#newstr #Ringgit #UsDollar #CurrencyExchange #Economy
https://here.news/story/edbf6f6a?ver=1.03

2024-04-29 01:56:41

2024-04-28 03:58:14

Ringgit Expected to Trend Around 4.77 to US Dollar Next Week
===============
#edbf6f6a ver:1.01
The Malaysian ringgit is expected to trend around 4.77 to the US dollar next week due to the US economy's growth slowdown and the ringgit's oversold condition. The ringgit has been weakening against major currencies, including the greenback, but has shown some improvement against the US dollar recently. The lower-than-expected US GDP data may have reignited hopes for an interest rate cut in the US. #Ringgit #USdollar #economy #forex...
#newstr #Ringgit #UsDollar #CurrencyExchange #Economy
https://here.news/story/edbf6f6a?ver=1.01

2024-04-26 12:03:50

Ringgit Ends Firmer Against US Dollar Amid Lower-than-Expected US GDP Data
===============
#edbf6f6a ver:1.0
The ringgit ended the week stronger against the US dollar due to lower-than-expected US GDP data. The US economy grew by 1.6% in Q1, below the forecast of 2.5%. This has reignited hopes for an interest rate cut in the US. The ringgit also traded higher against major currencies, including the pound, yen, and euro. #Ringgit #USD #GDP #InterestRateCut...
#newstr #Ringgit #UsDollar #ForexMarket #Economy #InterestRates
https://here.news/story/edbf6f6a?ver=1.0

2024-04-25 02:58:24

Ringgit Extends Downward Trend as US Dollar Holds Firm
===============
#edbf6f6a ver:0.98
The Malaysian ringgit continues to weaken against the US dollar as the US economy is estimated to grow 2.4% in 1Q, down from 3.4%. The ringgit is expected to remain soft as the US Dollar Index appreciates against major currencies. #Ringgit #USdollar #economy #forex...
#newstr #Ringgit #UsDollar #CurrencyExchange #Economy
https://here.news/story/edbf6f6a?ver=0.98

2024-04-22 11:27:45

Ringgit Gains Ground Against US Dollar Amid DXY Decline
===============
#edbf6f6a ver:0.94
The ringgit has shown signs of improvement against the US dollar as the DXY index declines. On Friday, the ringgit improved to 4.7750/7785 against the US dollar, compared to the previous closing of 4.7810/7855. This positive movement is in line with other regional currencies such as the Indonesian rupiah, Philippine peso, Korean won, and the Indian rupee, which have also appreciated against the greenback. The market remains cautious due to the US Federal Reserve's hawkish assessment of the US economy. Investors will closely monitor the US Personal Consumption Expenditures (PCE) numbers, as well as key US economic data such as the gross domestic product (GDP) and the core PCE reading, which could influence the Fed's forward guidance. The recent easing of tensions in the Middle East has also...
#newstr #Ringgit #UsDollar #Dxy #ForeignExchange #Economy
https://here.news/story/edbf6f6a?ver=0.94