Weak Q4 GDP drags ringgit lower against US dollar | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 10%
  • Publisher: 86%

KUALA LUMPUR, Feb 13 ― The ringgit opened lower against the US dollar in early trade as below-than-expected fourth quarter 2019 gross domestic product (GDP) results curbed investors’ appetite for the local currency, a dealer said. At 9am, the ringgit was quoted at 4.1410/1440 against the...

Malaysia Headlines News

Malaysia Latest News, Malaysia Headlines

At 9am, the ringgit was quoted at 4.1410/1440 against the greenback from 4.1350/1380 yesterday. ― Reuters pic

Governor Datuk Nor Shamsiah Mohd Yunus said the full-year growth would have been higher at 4.7 per cent without the supply disruptions in the commodity sector. In a note today, AxiCorp's chief market strategist Stephen Innes said the weaker results could bring forward rate cut prediction in the market.

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:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Weak Q4 GDP drags ringgit lower against US dollarRising oil prices should provide some immediate support for local note, says an analyst. FMTNews US Dollar
Source: fmtoday - 🏆 5. / 72 Read more »

Weak 4Q GDP drags ringgit lower against US$KUALA LUMPUR: The ringgit opened lower against the US dollar in early trade as below-than-expected fourth quarter 2019 gross domestic product (GDP) results curbed investors’ appetite for the local currency, a dealer said.
Source: staronline - 🏆 4. / 75 Read more »

Malaysia’s Q4 GDP growth slows to 3.6%, lowest in a decadeKUALA LUMPUR: Malaysia’s economy registered a growth of 3.6% for the fourth quarter (Q4) of 2019, the lowest seen since the third quarter of 2009. For...
Source: theSundaily - 🏆 25. / 51 Read more »

Weak 4Q GDP drags RM lower against USDKUALA LUMPUR: The ringgit opened lower against the US dollar in early trade as below-than-expected fourth quarter 2019 gross domestic product (GDP) results curbed investors’ appetite for the local currency, a dealer said.
Source: NST_Online - 🏆 17. / 53 Read more »

BNM: Malaysia’s 2019 GDP at 4.3pc, lowest since 2009 amid commodity disruption | Malay MailKUALA LUMPUR, Feb 12 ― Malaysia’s economy expanded by 3.6 per cent in the fourth quarter of 2019, dragging the full-year Gross Domestic Product (GDP) growth at 4.3 per cent, the lowest since the 2009 financial crisis amid supply disruptions in the commodity sector, Bank Negara Malaysia (BNM)...
Source: malaymail - 🏆 1. / 86 Read more »

2019 GDP at 4.3%, lowest since 2009 | The Malaysian InsightIt is affected by supply disruptions in the commodity sector.
Source: msianinsight - 🏆 8. / 63 Read more »