Head Topics

Ringgit ends lower as wary investors await Fed, BNM cues

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

Ringgit ends lower as wary investors await Fed, BNM cues FMTNews FMTBusiness

KUALA LUMPUR: The ringgit traded lower on strength in the US dollar as traders await the Federal Open Market Committee and Bank Negara Malaysia’s monetary policy committee rate decisions.

Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said almost all the economists surveyed by Bloomberg expect the overnight policy rate to be left unchanged at 2.75%.“The latest purchasing managers’ index for Malaysia was maintained at 48.8 points in April. This marks the eighth consecutive month of contraction with respect to business sentiment within the manufacturing sector.

He said the ringgit should remain at the current 4.46 level as market participants also await FOMC’s stand towards future policy, also to be released on May 3.

 

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.

Ringgit opens easier against greenbackTraders anticipating another rate hike by the US Federal Reserve, notes analyst.
Source: fmtoday - 🏆 5. / 72 Read more »

Ringgit slips as wary investors await rate cues | The Malaysian InsightLocal note down to 4.4640/4640 versus the greenback.
Source: msianinsight - 🏆 8. / 63 Read more »

Banks see higher fixed deposit uptake following MPC meetingThe surge was likely due to BNM’s decision to maintain the OPR, says MIDF Research.
Source: fmtoday - 🏆 5. / 72 Read more »

Ringgit opens easier vs US dollarAt 9 am, the local note slipped to 4.4645/4680 versus the greenback from Friday’s closing rate of 4.4600/4645. theSun theSundaily ringgit USD currencies Malaysia USA
Source: theSundaily - 🏆 25. / 51 Read more »

Ringgit opens easier v dollar | The Malaysian InsightTraders expect local note to trade around RM4.46 today as US market sentiments remain uncertain.
Source: msianinsight - 🏆 8. / 63 Read more »

Tokyo stocks open higher with eyes on Fed this week | The Malaysian InsightMost analysts expect US interest rates to rise by 25 basis points.
Source: msianinsight - 🏆 8. / 63 Read more »