: The ringgit is expected to trade between 4.69 and 4.70 next week as markets focus on the US Federal Open Market Committee meeting on March 19-20.
He said markets would be closely monitoring the Japanese central bank’s decision whether it would end its negative interest rate policy and the yield curve control as Japan’s biggest companies have agreed to raise wages by 5.28 per cent for 2024, which would exacerbate the inflation rate. Unless clear indicators of an imminent downturn emerge, US dollar bears may remain in hibernation, particularly with expectations that the BoJ may defer any significant moves until April, rather than acting next week.
It further said the ringgit-US dollar outlook is neutral next week, with the pair expected to hover around its five-day exponential moving average of 4.695.
Source: News Formal (newsformal.com)
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.
Saudi Tourism Authority presents initiatives at trade roadshow in Kuala LumpurThe Saudi Tourism Authority (STA) showcased various initiatives at a trade roadshow in Kuala Lumpur, targeting the leisure segment and emphasizing Saudi Arabia's commitment to Malaysian travelers. The initiative aligns with Saudi's Vision 2030 and aims to attract 150 million annual visitors by the end of the decade. Saudi has been recognized as the fastest growing destination by UNWTO, with a 156% increase in international arrivals compared to 2019.
Source: theSundaily - 🏆 25. / 51 Read more »
Calum Scott and Anderson Kalang's Unforgettable Musical Collab in Kuala LumpurRenowned English singer-songwriter Calum Scott and Kelabit musician Anderson Kalang performed an exceptional rendition of 'You Are the Reason' during the recent Fly FM Jam Session in Kuala Lumpur. The impromptu nature of the performance elevated the event to a prestigious level for Anderson, celebrating cultural heritage and musical innovation.
Source: JuiceMy - 🏆 11. / 63 Read more »
Trek App Offers Multimodal Journey Planning in Kuala LumpurThe Trek app in Greater Kuala Lumpur now allows users to seamlessly plan their journeys with a combination of city buses, rail services, driving, parking, airport rail services, shuttle bus, and walking directions.
Source: DNewsAsia - 🏆 23. / 51 Read more »
Jubilo FC naib juara Plate kejohanan bola sepak Piala Kuala LumpurKota Kinabalu: Jubilo FC menamatkan saingan sebagai naib juara Plate dalam kejohanan bola sepak tujuh sebelah Piala Kuala Lumpur yang diadakan di The New Camp di Bandar Utama, Petaling Jaya baru-baru ini.
Source: DailyExpress_MY - 🏆 3. / 83 Read more »
Smooth progress for Indonesia GE's re-voting process in Kuala LumpurKUALA LUMPUR: The Indonesian General Election’s (Pemilu 2024) re-voting process for the entire Kuala Lumpur area that took place at the World Trade Centre (WTC) here today went smoothly and under control.
Source: DailyExpress_MY - 🏆 3. / 83 Read more »
Lelaki Ini Dedah Punca Sebenar Golongan OKU Sukar Berjalan Sendirian Sekitar Kuala LumpurMenurut Izhar yang merupakan komuniti Orang Kurang Upaya (OKU) berkerusi roda, pembahagi jalan menyebabkan golongannya sukar berjalan sekitar Kuala Lumpur.
Source: therakyatpost - 🏆 14. / 59 Read more »