Dollar knocked from 20-year high; yuan slide pauses

19/5/2022 8:25:00 PM

Dollar, Knocked

Dollar knocked from 20-year high; yuan slide pauses

Tuesday, 17 May 2022 9:56 AM MYTSINGAPORE, May 17 ― The dollar fought for a footing today and the tumbling Chinese yuan found a floor as investors trimmed bets on whether US interest rate rises will drive further dollar gains.The greenback has edged from a two-decade high this week and was a touch softer across the board in early Asia trade, while US bond yields have pulled back slightly as traders reckon aggressive near-term hikes will drag on longer-run US growth.

The euro rose about 0.1 per cent on the dollar to US$1.0446 (RM4.56) and the Australian and New Zealand dollars lifted about 0.1 per cent and are off multi-year lows.China's yuan was steady at 6.7953 per dollar in offshore trade, and seems to be finding a base after sliding more than 6 per cent in a month.

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Belum ada ketetapan laksana caj plastik 20 sen di Negeri SembilanPengerusi Jawatankuasa Bertindak Kesejahteraan Bandar, Perumahan, Kerajaan Tempatan dan Kampung Baru negeri, Teo Kok Seong berkata, pihaknya memerlukan sedikit masa untuk menjayakan kempen tersebut memandangkan ramai lagi yang tidak bersedia menggunakan…

Ringgit marginally higher against US dollar at openingKUALA LUMPUR (May 18): The ringgit opened slightly higher against the US dollar on Wednesday (May 18) in tandem with the Chinese yuan following positive development in Shanghai, an analyst said.At 9.02am, the local note stood at 4.3840/3890 versus the greenback from Tuesday's close of 4.3880/3915.

Ringgit hits RM4.4 against US dollar, lowest since March 2020Performance reflects economic uncertainties including higher interest rate from US Federal Reserve. Hahaha igt hero pergi US ringgit terus naik 😁 🥲🥲🥲 Should stock up on USD as ringgit is becoming less than cow dung

Ringgit hits RM4.4 against dollar, lowest since March 2020KUALA LUMPUR, May 19 — The ringgit slid further to open lower at RM4.4 against the US dollar, the lowest since March 2020 following a hawkish stance by the US Federal Reserve... It looks like it would fall further but our politicians always gives excuses instead of admitting and take steps to rectify the situation.

for the latest news you need to know.Thursday, 19 May 2022 10:19 AM MYT KOTA KINABALU: Prime Minister Datuk Seri Ismail Sabri Yaakob is scheduled to officiate the Malaysian Family Aspirations (AKM) tour at the Sabah International Convention Centre (SICC) here on Friday (May 20).Telegram channel for the latest updates.SEREMBAN: Kerajaan Negeri Sembilan belum membuat ketetapan sepenuhnya untuk melaksanakan caj pencemaran plastik dengan nilai minimum 20 sen bagi setiap helai beg plastik di seluruh negeri ini melalui ‘Kempen Tanpa Beg Plastik’ seperti di Pulau Pinang, Selangor dan Johor.

Tuesday, 17 May 2022 9:56 AM MYT SINGAPORE, May 17 ― The dollar fought for a footing today and the tumbling Chinese yuan found a floor as investors trimmed bets on whether US interest rate rises will drive further dollar gains. The greenback has edged from a two-decade high this week and was a touch softer across the board in early Asia trade, while US bond yields have pulled back slightly as traders reckon aggressive near-term hikes will drag on longer-run US growth. Several interesting, fun and beneficial activities have been lined up for visitors at the three-day event which starts daily at 9am until May 22. The euro rose about 0. Bray attributed the rise to efforts by the US military to “destigmatize the act of reporting sights and encounters” as well as to technological advances.1 per cent on the dollar to US$1. The Jamin Kerja Career Carnival programme will be an attraction for job seekers as over 1,000 job opportunities are being offered by various sectors involving over 30 reputable employers.0446 (RM4. Beliau berkata demikian selepas melancarkan Program Persatuan Pegurusan Sisa Malaysia (WMAM) Eco Youth Challenge (WEYC) 2022 dengan kerjasama syarikat konsesi pengurusan sisa pepejal dan pembersihan awam, SWM Environment Sdn.

56) and the Australian and New Zealand dollars lifted about 0. Sabah is the third destination for the AKM tour, inspired by the Prime Minister, after the first was held in Johor and the second in Perlis. “We’ve made no assumptions about what this is or isn’t,” Bray said.1 per cent and are off multi-year lows. China's yuan was steady at 6.7953 per dollar in offshore trade, and seems to be finding a base after sliding more than 6 per cent in a month. Others could stem from tests of military equipment or technologies carried out by other powers, such as China or Russia. Hopes for an end to Shanghai's strict Covid-19 lockdown has offset poor April economic data and traders are also encouraged by more signs of policy support. “Sejak tahun lepas, kita sudah uar-uarkan Kempen Tiada Beg Plastik di pasar raya utama di negeri ini, tetapi sambutan tidak begitu memuaskan kemungkinan agak sukar bagi sesetengah orang kerana sudah terbiasa menerima beg plastik dan mereka lebih sanggup membayar 20 sen,” katanya.

China cut mortgage rates for first-home buyers over the weekend and yesterday, sources told Reuters that authorities had asked some financially healthy property developers to sell bonds in order to help boost market sentiment. “Dollar/CNH has been a big driver of G10 currencies,” said Chris Weston, head of research at brokerage Pepperstone in Melbourne, referring to offshore yuan. And they need to be treated that way,” said Democratic Representative Andre Carson of Indiana, who was chairing the panel holding the hearing. He added that a pause in its slide as well as a calming of markets' volatility generally has paused dollar gains, for now. “A lot has been priced in and we're not getting any new news from Fed officials,” he said. “I think people are just taking some of that money off the table at the moment.75 tan pada program sama pada 2018.

” Sterling has bounced about 1.5 per cent from a two-year hold and was steady at US$1.2328 on Tuesday. The yen held at 129.115 and is holding above a two-decade trough.

The US dollar index dipped marginally to 104.100 and is about 0.8 per cent below Friday's 20-year peak of 105.100. Global interest rate expectations are also growing more hawkish.

The gap between 10-year German and US real yields has narrowed by more than 30 basis points this month and central banks in Britain and Australia have raised rates. Minutes from the Reserve Bank of Australia's May meeting are due later in the day as are public appearances from several Federal Reserve officials, including Chairman Jerome Powell at 1800 GMT. The Australian dollar last bought US$0.6976 and the New Zealand dollar US$0.6309.

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