Ringgit continues slide against greenback ahead of US GDP data
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid says the ringgit was quite volatile versus the US dollar today, moving within a range of RM4.4545 to RM4.4633. – The Malaysian Insight file pic, April 27, 2023.
At 6pm, the local note continued its retreat to 4.4605/4660 versus the greenback from 4.4565/4585 at yesterday’s close. “, major central bank officials appeared to be sticking to their script that inflation is still high and therefore policy rates would need to go higher.” “Should the US first quarter GDP come in way below the market consensus of 1.9%, it might lead to further demand for the greenback. Expect the ringgit to be weak in the near term.”
“That is causing worries in many markets while oil prices continued to slide, negatively impacting the ringgit overnight.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ringgit ditutup rendah berbanding dolar AS | The Malaysian InsightPada 6 petang, unit tempatan turun kepada 4.4480/4520.
Read more »
Ringgit weaker v dollar in early trade | The Malaysian InsightLocal note stands at 4.4600/4670 versus the greenback.
Read more »
Ringgit dibuka rendah berbanding dolar AS dalam dagangan awal | The Malaysian InsightPada 9 pagi, ringgit berada pada 4.4600/4670 berbanding dolar AS.
Read more »
Ringgit slips further against dollar in tandem with regional currencies | The Malaysian InsightGreenback stays firm after spiking higher on prospect of higher US interest rates.
Read more »
Ringgit susut berbanding dolar AS sejajar mata wang serantau | The Malaysian InsightDolar AS catat kenaikan semalaman berikutan jangkaan kadar faedah yang lebih tinggi.
Read more »
Ringgit extends losses v dollar | The Malaysian InsightLocal note eases to 4.4595/4640 versus the greenback.
Read more »