At 9am, the ringgit rose to 4.4030/4075 versus the US dollar.
At 9 am, the local note rose to 4.4030/4075 versus the US dollar compared to Monday’s closing rate of 4.4175/4195.
Earlier, the US ISM data was expected to be slightly lower at 47.5 points in March based on consensus estimates compared to 47.7 points in February. Bank Muamalat Malaysia Bhd chief economist and social finance Dr Mohd Afzanizam Abdul Rashid said that more importantly are the new orders and employment indexes which fell further to 44.3 and 46.9 respectively during March."Such an outturn would bolster the case that the US Federal Reserve is likely to switch their stand after delivering 475 basis points hike in Fed fund rate,” he told Bernama."This would mean the ringgit could appreciate against the greenback like other currencies.
It fell versus the British pound to 5.4637/4693 from 5.4552/4576 at Monday’s close, eased marginally vis-a-vis the euro to 4.7988/8037 from 4.7930/7952 and depreciated against the Japanese yen to 3.3210/3247 compared with 3.3127/3145 previously.It inched up versus the Singapore dollar to 3.3173/3212 from 3.3182/3199 at Monday’s close, appreciated vis-a-vis the Philippine peso to 8.06/8.08 from 8.07/8.07 and gained versus the Indonesian rupiah to 294.00/294.50 from 295.00/295.30 previously.
However, the local note weakened against the Thai baht to 12.8607/8799 from 12.8419/8537 at Monday’s close. - Bernama
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.
Suhaily bakal dilantik ketua polis Kuala LumpurMenteri dalam negeri berkata, beliau menggantikan Azmi Abu Kassim yang bertugas sebagai pengarah Jabatan Pengurusan Bukit Aman.
Read more »
Mohd. Shuhaily bakal dilantik Polis Kuala LumpurKetua Polis Pulau Pinang, Datuk Mohd. Shuhaily Mohd. Zain bakal dilantik sebagai Ketua Polis Kuala Lumpur yang baharu.
Read more »
Ramadan di Kuala Lumpur | The Malaysian InsightRAMADAN 2023 kali ini turut dimeriahkan dengan Bazar Ramadan di Kuala Lumpur. Bandar ini hidup dengan pemandangan, bau d...
Read more »
Michelle Yeoh To Hold Public Fan Meet At Pavilion Kuala Lumpur - Hype MYIt's been a whirlwind few months for Tan Sri Michelle Yeoh (楊紫瓊) - from getting nominated to eventually making history by becoming the first Asian to win the
Read more »
Move to preserve oldest cemetery in Kuala LumpurConcerned over development of high commercial value area, management seeks ‘National Heritage Site’ status theSun theSundaily Malaysia news heritage KL cemetery
Read more »