KUALA LUMPUR: The ringgit reversed its downtrend to end the week marginally higher against the US dollar, driven by positive macroeconomic data that provided support for the local currency, an economist said.
In addition, the advance gross domestic product estimates for the third quarter of 2023 came in at 3.3% from 2.9% in the second quarter of 2023 . Nevertheless, he said market players will continue to pay close attention to the ongoing geopolitical conflict in the Middle East. “The greenback may not have much room for further appreciation, and this could ease the pressure on Asian currencies,” he added.
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.
Usage of ringgit in trade deals will strengthen currency, economy: Ahmad MaslanKUALA LUMPUR: Malaysia needs to use the local currency in trade activities to ensure the value of the ringgit and the country’s economy continues to b...
Source: theSundaily - 🏆 25. / 51 Read more »
Ringgit jatuh ke paras terendah 25 tahunRinggit turun 0.3 peratus kepada 4.7635 berbanding dolar AS, paling lemah sejak 1998, prestasi terburuk di Asia tahun ini selepas yen Jepun.
Source: UMonline - 🏆 27. / 51 Read more »
BNM’s ‘pseudo tightening’ fails to stem ringgit’s slideAsean central banks are selling government securities to attract foreign inflows instead of hiking interest rates.
Source: fmtoday - 🏆 5. / 72 Read more »
Ringgit dips to 25-year lowNews and views that matter. Malaysiakini is an online news portal published in Malay, English, Chinese and Tamil. Malaysiakini receives over millions of page-views per day and is one of the most trusted news brand in Malaysia.
Source: malaysiakini - 🏆 20. / 51 Read more »
Ahmad Maslan: Usage of ringgit in trade deals will strengthen currency, economyAdvertisementAdvertisement KUALA LUMPUR, Oct 20 ― Malaysia needs to use the local currency in trade activities to ensure the value of the ringgit and the country's economy...
Source: malaymail - 🏆 1. / 86 Read more »
Ringgit under pressure amid volatile marketHamas-Israel conflict is the focal point and continues to affect market sentiments, says analyst.
Source: fmtoday - 🏆 5. / 72 Read more »