Ringgit to remain in tight range versus greenback till Wednesday
The ringgit is expected to trade at around RM4.42 against the US dollar ahead of Bank Negara's annual report on March 29. – The Malaysian Insight file pic, March 25, 2023.
Bank Muamalat Malaysia Bhd chief economist and social finance Mohd Afzanizam Abdul Rashid said markets continue to expect BNM to deliver another 25 basis points rate hike in May. “Markets remained cautious on the latest issue on Deutsche Bank in Germany. So risk-off mode could set in, which would result in demand for safe-haven currency such as the US dollar,” he added.
On a week-on-week basis, the ringgit was stronger against the US dollar at 4.4250/4305 at yesterday’s close versus 4.4850/4880 a week earlier.
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 rallies against dollar | The Malaysian InsightUS Federal Reserve signals a more dovish monetary stance.
Read more »
Ringgit terus ditutup tinggi berbanding dolar AS | The Malaysian InsightUnit tempatan meningkat kepada 4.4160/4200 berbanding dolar AS daripada paras penutup 4.4530/4580 semalam.
Read more »
Ringgit slightly lower against dollar in early trade | The Malaysian InsightLocal note inches down to 4.4220/4260 versus the greenback.
Read more »
Nilai ringgit rendah sedikit berbanding dolar AS sesi awal dagangan | The Malaysian InsightPada 9.30 pagi, nilai ringgit susut kepada 4.4220/4260 berbanding dolar AS daripada kadar penutup semalam 4.4160/4200.
Read more »
Ringgit ditutup rendah berbanding dolar AS | The Malaysian InsightPada 6 petang, unit tempatan turun kepada 4.4250/4305 berbanding dolar AS.
Read more »
Ringgit dijangka diniagakan dalam jajaran kecil minggu depan | The Malaysian InsightPasaran terus menjangkakan BNM akan menaikkan OPR sebanyak 25 mata asas pada Mei.
Read more »