Ringgit opens lower against US dollar

22/6/2022 6:39:00 AM

Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR, June 22 — The ringgit retracted from yesterday’s gains to open lower against the US dollar this morning, as investors continue to seek shelter in the safe-haven...

for the latest news you need to know.A KUALA LUMPUR (June 21): The ringgit opened marginally higher against the US dollar today despite fragile market sentiments over expectations of an aggressive monetary tightening by the United States Federal Reserve (Fed) that would take a toll on the economy, said a dealer.for the latest news you need to know.for the latest news you need to know.

Wednesday, 22 Jun 2022 10:26 AM MYT KUALA LUMPUR, June 22 — The ringgit retracted from yesterday’s gains to open lower against the US dollar this morning, as investors continue to seek shelter in the safe-haven currency, a dealer said.At 9.3970/4015 against the greenback from yesterday's close of 4.20am, the local currency fell to 4.3970/4015 against the greenback from yesterday's close of 4.3970/4005 against the greenback from Tuesday’s close of 4.Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said talks of a possible recession would also make market participants to remain defensive, leading to higher demand for the safe-haven currencies.3945/3980.The analyst said the bearish outlook on the global economy prompted more investors to shift to emerging currencies.

Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit would continue to linger at the current level, while fears over a further tightening by the United States (US) Federal Reserve (Fed) and the subsequent impact on the economy are expected to remain in the near future.“The ringgit is expected to remain in a tight range in the absence of fresh leads as the US markets closed last night.“Meanwhile, the global benchmark equities were higher as investors are seeing values starting to emerge as the riskier assets were beaten down due to the aggressive monetary tightening by the Fed,” he told Bernama.Nonetheless, the ringgit was traded higher against a basket of major currencies.The local note appreciated against the British pound to 5.20 in the early part of June,” he told Bernama.3894/3937 from Tuesday’s close of 5.4208/4257, strengthened versus the Singapore dollar to 3.

4035/4078, and rose versus the Singapore dollar to 3.1706/1734 from 3.Fed chairman Jerome Powell has also indicated a 50 to 75-basis-point rate hike at the next Federal Open Market Committee (FOMC) meeting on July 26 and 27.1738/1768 yesterday.The ringgit also went up against the euro to 4.6217/6254 from 4.6314/6361 from yesterday's close of 4.It, however, depreciated vis-a-vis the euro to 4.

6441/6478 and strengthened vis-a-vis the Japanese yen to 3.2281/2309 from 3.2448/2477 previously.1717/1743 and rose against the Japanese yen to 3.— Bernama Advertisement.

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Ringgit opens marginally higher against US dollarKUALA LUMPUR (June 21): The ringgit opened marginally higher against the US dollar today despite fragile market sentiments over expectations of an aggressive monetary tightening by the United States Federal Reserve (Fed) that would take a toll on the economy, said a dealer.At 9 am, the local currency traded at 4.3970/4015 against the greenback from yesterday's close of 4.3985/4015.Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said talks of a possible recession would also make market participants to

Ringgit opens marginally higher against US dollarKUALA LUMPUR, June 21 ― The ringgit opened marginally higher against the US dollar today despite fragile market sentiments over expectations of an aggressive monetary... lol 'marginally higher' my ass

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