Inflation fears prop up US dollar, says analyst

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

US Dollar Index stays on an upward trend, gaining 0.04% to 104.846 points.

KUALA LUMPUR: The ringgit eased further against the US dollar as fresh worries over sticky US inflation kept investors away from emerging markets.

“There seems to be concerns that inflation is going to be stubbornly higher, which warrants a prolonged restrictive monetary policy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 5. in MY

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.

Lacklustre China, Europe data prop greenback upUS Dollar Index rises 0.52% to 104.776 points following higher US Treasury yields.
Source: fmtoday - 🏆 5. / 72 Read more »

NTI: First index to measure training, development in Southeast AsiaKUALA LUMPUR: The National Training Index (NTI), the first index to measure training and development in Southeast Asia, has the potential to set the g...
Source: theSundaily - 🏆 25. / 51 Read more »

Australia’s RBA holds rates steady at 4.1% for third monthRecent data were consistent with inflation returning to the 2–3% target range in late 2025.
Source: fmtoday - 🏆 5. / 72 Read more »

Philippine inflation rate quickens to 5.3% in AugustMANILA: Year-on-year inflation in the Philippines ended its downtrend in August, accelerating to 5.3 percent from 4.7 percent in July, the Philippine ...
Source: theSundaily - 🏆 25. / 51 Read more »

Dollar steadies, Aussie slips as RBA’s cash rate loomsLower-than-expected July inflation data has made markets all but certain that the interest rate will stay at 4.1%.
Source: fmtoday - 🏆 5. / 72 Read more »

Ringgit ended lower against US dollarInvestors are concerned over rising oil prices in three Asian economies, says analyst.
Source: fmtoday - 🏆 5. / 72 Read more »