Ringgit ends easier against US dollar
SPI Asset Management managing director Stephen Innes says the US dollar has been on the back foot due to a combination of Fed policy remix, softer inflation metrics and a cautious outlook in the March Federal Open Market Committee minutes. – The Malaysian Insight file pic, April 14, 2023.
At 6pm, the local note dipped to 4.4000/4025 versus the greenback from yesterday’s closing rate of 4.3995/4025. “Last night, the surprising drop in the US Producer Price Index convinced investors that the post-pandemic inflation shock is over and should allow the Fed to comfortably pause rate hikes after the expected 25 basis points hike in May.
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 dibuka tinggi berbanding dolar AS | The Malaysian InsightPada 9 pagi, mata wang tempatan menambah nilai kepada 4.3995/4035 berbanding dolar AS.
Read more »
Ringgit opens higher v weaker dollar | The Malaysian InsightLocal note rises to 4.3995/4035 versus the greenback.
Read more »
Ringgit makes further gains against dollar | The Malaysian InsightExperts say latest US consumer price index is ringgit positive, as Fed appears to quell interest rate fears.
Read more »
Ringgit terus mengukuh berbanding dolar AS | The Malaysian InsightNilai dolar AS menyusut ekoran penurunan mengejut data indeks harga pengeluar Amerika Syarikat untuk bulan Mac.
Read more »
Ringgit continues to strengthen against dollar | The Malaysian InsightGreenback slips after decline in US producer price index in March.
Read more »
Govt urges Fama to solve chicken shortage before Raya | The Malaysian InsightMohamad Sabu says food supply sufficient, but temporary disruptions happen.
Read more »