Ringgit slips to new low v US dollar at opening | The Malaysian Insight

The ringgit has dipped to 4.568 against the US dollar in early trading today, its lowest value in recent memory. – The Malaysian Insight file pic, September 21, 2022.

ActivTrades trader Dyogenes Rodrigues Diniz said the US dollar remained bullish in anticipation of the interest rate decision by the Federal Open Market Committee in the US later today. “If this forecast proves to be correct, it is likely that the dollar will retract against the ringgit at first, as the market has already priced in this scenario.

Source: Loan Digest (loandigest.net)

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.

Wall Street opens lower as Fed poised to hike key rateNEW YORK, Sept 20 — US stocks fell early today with the Federal Reserve poised to begin its two-day meeting that is expected to result in another big interest rate hike. The Fed...
Source: malaymail - 🏆 1. / 86 Read more »

Wall Street falls as Fed, Ford forecasts, give frightNEW YORK, Sept 21 — Wall Street ended Tuesday lower as the eve of a US Federal Reserve meeting expected to bring another large interest rate hike brought further evidence of the...
Source: malaymail - 🏆 1. / 86 Read more »

Wall Street ends higher after choppy trading ahead of FedNEW YORK, Sept 20 — Wall Street’s main indexes closed higher on Monday after seesawing during the session as investors wait to see how aggressively the Federal Reserve will...
Source: malaymail - 🏆 1. / 86 Read more »