Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said the US dollar/ringgit might move cautiously as the Fed is expected to be guarded in its assessment at the upcoming the Federal Open Market Committee meeting on June 13-14.
"So, tonight’s Nonfarm Payrolls’ announcement for May, which is anticipated to slow to 195,000 jobs based on consensus estimates, is likely to set the tone for next week as we progress to the FOMC meeting dates,” he told Bernama.Meanwhile, SPI Asset Management managing director Stephen Innes noted that the ringgit could trade a bit stronger due to the market pricing in a Fed pause in June.Meanwhile, the local note was mixed versus a basket of major currencies over the six-day span.
On a Friday-to-Friday basis, the ringgit was higher against the US dollar at 4.5745/5785 compared with 4.5970/6035 a week earlier.It was almost flat against the Japanese yen at 3.2957/2989 from 3.2918/2967 previously and weakened against the British pound to 5.7323/7373 from last Friday’s 5.6819/6899.It rose against the Thai baht to 13.2402/2591 from 13.2539/2784, appreciated against the Indonesian rupiah to 305.0/305.5 from 307.3/307.9 last week and improved vis-a-vis the Philippine peso to 8.
The ringgit, however, was lower versus the Singapore dollar at 3.4026/4059 from 3.4012/4062 at the end of the preceding week. - Bernama
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.
Good relationship between states and Federal Government vital for development, says Ahmad ZahidKAPIT: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi says a cordial relationship between the Federal and state governments was important to implement development programmes successfully.
Source: staronline - 🏆 4. / 75 Read more »
US blocks ex-Haitian PM Lamothe from entering country, citing corruptionPORT-AU-PRINCE (Reuters) - The United States on Friday blocked former Haitian Prime Minister Laurent Lamothe from entering the United States over what Secretary of State Antony Blinken said was his 'involvement in significant corruption.'
Source: staronline - 🏆 4. / 75 Read more »
Federal Court to hear election petition appeals by BN for Gua Musang, Putrajaya on June 19PUTRAJAYA, June 2 — The Federal Court has fixed June 19 to hear the appeals by Barisan Nasional (BN) over two election petitions which were filed in a bid to nullify the 15th...
Source: malaymail - 🏆 1. / 86 Read more »
‘Cordial relationship’ between state and federal government vital for development, says Ahmad ZahidKAPIT, June 3 — Deputy Prime Minister Ahmad Zahid Hamidi says a cordial relationship between the federal and state governments is important to implement development programmes...
Source: malaymail - 🏆 1. / 86 Read more »
Nanta: Zahid’s presence at Kapit Gawai event reflects close state, federal tiesKAPIT, June 4 — The presence of Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi at the Gawai Dayak 2023 Kapit Open House here reflects the close cooperation between the state...
Source: malaymail - 🏆 1. / 86 Read more »
Soccer-Guardiola says United a better team than the one City hammered months agoMANCHESTER, England (Reuters) - Manchester City face a far different Manchester United than the one they thrashed 6-3 in October, said manager Pep Guardiola, adding his side have to be at their best in the FA Cup final on Saturday.
Source: staronline - 🏆 4. / 75 Read more »