KUALA LUMPUR, Sept 18 — The ringgit opened marginally higher against the US dollar in cautious mode ahead of the US Federal Reserve (Fed) meeting later this week, an economist...
KUALA LUMPUR, Sept 18 — The ringgit opened marginally higher against the US dollar in cautious mode ahead of the US Federal Reserve meeting later this week, an economist said.Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the ringgit is expected to stay soft versus the greenback this week as markets await the outcome of the US Federal Open Market Committee meeting on September 19-20 that will decide on interest rates.
“But more importantly, the market will digest the FOMC members’ assessment and the Fed’s macroeconomic projections. “It appears that the Fed really stands out in respect to the monetary tightening relative to their counterparts in major economies,” he told Bernama, adding that the local note is expected to remain between RM4.66 and RM4.68 per US dollar.It depreciated against the Japanese yen to 3.1675/1710 from 3.1670/1693 at the close on Friday and edged down against the euro at 4.9940/9988 from 4.9919/9951, but rose versus the British pound to 5.8032/8088 from 5.8196/8233 previously.
It was up against the Indonesian rupiah at 304.7/305.2 from 304.8/305.2 last week but depreciated against the Thai baht to 13.0964/1145 from 13.0681/0812 previously. — Bernama
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Ringgit opens marginally higher vs US dollar ahead of fed meeting this weekKUALA LUMPUR: The ringgit opened marginally higher against the US dollar in cautious mode ahead of the US Federal Reserve (Fed) meeting later this wee...
Leggi di più »
RISE KL lestarikan alam sekitar Kuala LumpurFasiliti kitar semula iaitu RISE KL) diyakini dapat menguruskan 50 tan sisa pembuangan di Kuala Lumpur dan kawasan sekitarnya setiap hari.
Leggi di più »
Rundingan projek jalan Gopeng-Kuala Kangsar masuki fasa akhir Disember iniRundingan mengenai pembinaan jalan pintas lebuhraya yang menghubungkan Gopeng ke Kuala Kangsar (WISE) memasuki fasa terakhir pada Disember ini.
Leggi di più »
Ringgit to hold up better against G10 currencies except US dollar next weekKUALA LUMPUR: The ringgit is likely to hold up better against G10 currencies next week except the US dollar next week following a revised lower growth...
Leggi di più »
Ringgit to hold up better against G10 currencies except US dollar next weekKUALA LUMPUR, Sept 16 ― The ringgit is likely to hold up better against G10 currencies next week except the US dollar next week following a revised lower growth forecast and...
Leggi di più »
Police: Gathering in city did not comply with peaceful Assembly Act 2012KUALA LUMPUR: A gathering that took place in the federal capital today did not comply with the Peaceful Assembly Act 2012 (PAA 2012), said Kuala Lumpu...
Leggi di più »