At 9 am, the local note rose to 4.4145/4180 versus the greenback from Tuesday’s closing rate of 4.4160/4210. theSun theSundaily ringgit business economy CPI USDollar
: The ringgit rebounded to open higher against the US dollar on Wednesday, as investors await more clues on the pace of inflation in the United States from the March Consumer Price Index , said an analyst.
Bank Muamalat Malaysia Bhd chief economist and social finance Dr Mohd Afzanizam Abdul Rashid said market participants would synthesise their views on the US rates based on the highly anticipated US CPI print. Meanwhile, in its latest World Economic Outlook report, the International Monetary Fund has downgraded its global gross domestic product growth forecast for 2023 and 2024 to 2.8 per cent and 3.0 per cent, respectively.
“As for the ringgit, it will continue to stay soft at around RM4.41-RM4.42 today as investors are expected to remain guarded,“ he said.
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.
DBKL to hold engagement sessions for PSKL2040 draft final amendment reportKUALA LUMPUR, April 11 — Kuala Lumpur City Hall (DBKL) will hold engagement sessions with the public and stakeholders for its final amendment report of the Kuala Lumpur Structure...
Read more »
Ringgit opens lower vs US dollar ahead of US economic dataAt 9 am, the local note fell to 4.4035/4105 versus the greenback from last Friday’s closing rate of 4.3995/4035. theSun theSundaily ringgit USdollar Currency Malaysia business
Read more »
Ringgit opens lower ahead of upcoming US economic dataTraders are awaiting the release of this week’s Federal Open Market Committee meeting minutes.
Read more »
Ringgit opens lower v dollar ahead of US economic data | The Malaysian InsightRinggit opens lower v dollar ahead of US economic data
Read more »
Ringgit opens lower vs US$ ahead of US economic dataKUALA LUMPUR: The ringgit opened lower against the US dollar today, ahead of the release of the United States (US) Federal Open Market Committee (FOMC) meeting minutes as well as the International Monetary Fund’s (IMF) latest global projection this week, said an analyst.
Read more »