At 9.15am, the ringgit depreciated to 4.7225/7265 against the greenback from yesterday’s close of 4.7165/7195. — Picture by Miera ZulyanaKUALA LUMPUR, March 19 ― The ringgit opened lower against the US dollar today due to the lack of buying interest, as cautious sentiments surrounding the Bank of Japan’s monetary policy decision continued to prevail.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said market players will be focusing on BoJ’s monetary policy decision today due to expectations that the Japanese central bank will end its Negative Interest Rate Policy and Yield Curve Control.Apart from that, he said market participants will also be observing the United States Federal Open Market Committee meeting which will begin today and end tomorrow.
Source: Loan Digest (loandigest.net)
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