Ringgit rebounds to open higher against US dollar

20/1/2022 5:07:00 AM

Currency: Ringgit rebounds to open higher against US dollar - Bernama

Currency: Ringgit rebounds to open higher against US dollar - Bernama

KUALA LUMPUR (Jan 20): The ringgit rebounded to open higher versus the US dollar on Thursday (Jan 20) as the greenback retreated amid risk-on mode in the equity market, an analyst said.At 9.05am, the local currency was trading at 4.1855/1880 against the US dollar compared with 4.1925/1950 at Wednesday’s close.Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid told Bernama that the 10-year US Treasury yielded lower at 1.83% on Wednesday night, while the major US equities' benchmark index fell.It seemed at the moment, the US

KUALA LUMPUR (Jan 20): The ringgit rebounded to open higher versus the US dollar on Thursday (Jan 20) as the greenback retreated amid risk-on mode in the equity market, an analyst said.At 9.05am, the local currency was trading at 4.1855/1880 against the US dollar compared with 4.1925/1950 at Wednesday’s close.

Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid toldBernamathat the 10-year US Treasury yielded lower at 1.83% on Wednesday night, while the major US equities' benchmark index fell.It seemed at the moment, the US dollar/ringgit pair was hovering slightly below its immediate resistant level of 4.1958.

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A KUALA LUMPUR (Jan 20): The ringgit rebounded to open higher versus the US dollar on Thursday (Jan 20) as the greenback retreated amid risk-on mode in the equity market, an analyst said.A KUALA LUMPUR (Jan 19): The ringgit weakened against the US dollar at the opening on Wednesday (Jan 19) over markets expectations that the US Federal Reserve (Fed) may raise interest rates, which would lend some support to the dollar, said an analyst.Telegram channel for the latest updates.Telegram channel for the latest updates.

At 9.05am, the local currency was trading at 4.01am, the local currency was trading at 4.1855/1880 against the US dollar compared with 4.01am, the local currency was trading at 4.1925/1950 at Wednesday’s close.1815/1835 at Monday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid told Bernama that the 10-year US Treasury yielded lower at 1. Impoverished North Korea, struggling under biting international sanctions over its nuclear weapons programme, is believed to have few assets in the United States and has ignored the 2018 ruling.

83% on Wednesday night, while the major US equities' benchmark index fell.88% reinvigorated the view that the Fed is expected to raise its benchmark interest rate in March. Bank Islam Bhd chief economist Mohd Afzanizam Abdul Rashid said the sharp rise of the 10-year US Treasury note yield to 1. It seemed at the moment, the US dollar/ringgit pair was hovering slightly below its immediate resistant level of 4.1958. He said Bank Negara Malaysia’s (BNM) Monetary Policy Committee's first meeting of the year perhaps would shed some light on BNM’s assessment of the economy and what it could mean in respect of the overnight policy rate. Mohd Afzanizam said market participants are expected to pay close attention to Bank Negara Malaysia's Monetary Policy Committee meeting deliberation on Thursday. He said Bank Negara Malaysia’s (BNM) Monetary Policy Committee's first meeting of the year perhaps would shed some light on BNM’s assessment of the economy and what it could mean in respect to overnight policy rate (OPR). “Most economists expect no change in the present overnight policy rate level of 1. The ringgit opened slightly lower versus the Singapore dollar to 3. He was pulled away from his group at Pyongyang airport and charged with crimes against the state for allegedly taking down a propaganda poster.

75%,” he added. He said while that could be already in the price, the market would want to see the committee’s assessment of the prevailing economic condition, in particular the inflation, and how it might affect the monetary policy going forward.1020/1039 and depreciated against the Japanese yen to 3.1038/1080 from Monday’s close of 3. “As such, expect the local note to be in a tight range today (Thursday),” he added. At the opening bell, the local note was traded mixed against a basket of other major currencies.6523/6544. The ringgit ended slightly higher versus the Singapore dollar at 3.6523/6544. — AFP You May Also Like.

1075/1096 from Wednesday’s close at 3.7005/7053 from 5.1086/1095 and increased vis-a-vis the euro to 4.7510/7538 from 4.7493/7532 from 4.7207/7234 and increased vis-a-vis the euro to 4.7553/7575. However, the local note was almost flat against the British pound at 5. Subscribe to Mid-day email alert We deliver news to your inbox daily.

7019/7053 from 5. ― Bernama You May Also Like.7018/7036 and depreciated against the Japanese yen to 3.6622/6647 from 3.6600/6625. Subscribe to Mid-day email alert We deliver news to your inbox daily .