Carian mengenai topik against-us-dollar

Dr Mohd Afzanizam Abdul Rashid said attention on Friday's budget announcement would drive market sentiment this week.

Dr Mohd Afzanizam Abdul Rashid expects the ringgit to remain soft as the tension in the Middle East has yet to subside.

The market appears to be expecting a Fed rate cut of between 25 and 50 basis points, says Dr Mohd Afzanizam Abdul Rashid.

Dr Mohd Afzanizam Abdul Rashid said the US equities market fell quite significantly.

Dr Mohd Afzanizam Abdul Rashid said the ringgit should stay positive today as the Fed is on track to reduce its interest rates this month.

Foreign investors' strong interest in Malaysia's capital markets has boosted demand for the ringgit, said Dr. Mohd Afzanizam.

Dr Mohd Afzanizam Abdul Rashid said ringgit's performance has been quite sanguine amidst the anticipation of a better GDP data for 2Q 2024.

The ringgit continued its uptrend today, closing at a near 11-month high of RM4.58 against the US dollar.

The ringgit would maintain its tight range against the greenback at around RM4.71 today, said Dr Mohd Afzanizam Abdul Rashid.

The ringgit opened higher against the US dollar today as cautious global economic sentiment prompted some investors to shift towards emerging currencies, including the ringgit, a dealer said.

The ringgit was mostly higher against its ASEAN peers but depreciated vis-a-vis the Singapore dollar.

The ringgit closed lower against the US dollar today, extending its downtrend from yesterday's closing due to higher demand for greenback.

Local market players await the release of Bank Negara Malaysia's OPR announcement later today.

The ringgit opened slightly higher on Tuesday, driven by mild demand for the domestic note and the weakening of the greenback.

Dr Mohd Afzanizam Abdul Rashid said the US dollar Index eased by 0.08 pct to 103.99 after the release of FOMC meeting outcome last night.

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