strengthened against the US dollar in four out of the past five months, the ringgit extended its gains into September, advancing alongside the likes of the Indian rupee and the Chinese yuan. Despite being unable to stay below the 4.14 psychological-level last week, the downward trend in USD/MYR since March remains clearly intact.
On the domestic front, Bank Negara Malaysia’s policy decision in the week ahead is set to take centre stage on the economic calendar. With markets expecting it to maintain the Overnight Policy Rate at 1.75%, a surprise cut could sway the ringgit. Overall, policymakers are expected to continue showcasing their willingness and ability to help the domestic economy move further along with its post-pandemic recovery.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bursa Malaysia expected to trade lower next week | Malay MailKUALA LUMPUR, Sept 5 — Bursa Malaysia is seen to trade lower next week, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to hover between 1,500 and 1,520 as investors will keep their focus on Bank Negara Malaysia’s monetary policy meeting to review the overnight policy rate (OPR). Bank...
Source: malaymail - 🏆 1. / 86 Read more »
As Sabah election looms, a host of issues take centre stageIllegal immigrants and MA63 are 'dinosaur issues' but Warisan's promises and performance and the economy will come under scrutiny. FMTNews Sabah
Source: fmtoday - 🏆 5. / 72 Read more »
Polis terus operasi besar-besaran lumpuh sindiket dadah, kata timbalan KPNTimbalan Ketua Polis Negara Acryl Sani Abdullah Sani berkata, polis akan meneruskan operasi melumpuhkan sindiket dadah dalam negara dan untuk pasaran antarabangsa. FMTNews Operasi Dadah SindiketDadah
Source: fmtoday - 🏆 5. / 72 Read more »
Trend ekonomi semasa negara positif - AzminAlor Setar: Sektor industri negara yang kembali beroperasi berpotensi menjadikan Malaysia antara negara terawal yang akan bangkit semula dengan kadar pertumbuhan ekonomi lebih baik ketika pandemik Covid-19.
Source: hmetromy - 🏆 26. / 51 Read more »
Mbappe selamatkan Perancisbolatime uefa Kylian Mbappe berjaya menyempurnakan satu-satunya percubaan tepat Perancis untuk membantu juara Piala Dunia itu mencatatkan kemenangan 1-0 ke atas Sweden dalam aksi pembukaan Liga Negara-Negara UEFA.
Source: hmetromy - 🏆 26. / 51 Read more »
Ringgit to trade in tight range next week, OPR in focus | Malay MailKUALA LUMPUR, Sept 5 — The ringgit is expected to trade in a tight range next week with all eyes on the overnight policy rate (OPR) review. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the statement from Bank Negara Malaysia (BNM) should be closely watched especially...
Source: malaymail - 🏆 1. / 86 Read more »