立博博彩公司(www.99cx.vip)_Ringgit opens marginally higher against US$ amid Fed hikes

立博博彩公司www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。立博博彩公司上最新立博博彩公司登录线路、立博博彩公司代理网址更新最快。立博博彩公司开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today despite fragile market sentiments over expectations of an aggressive monetary tightening by the United States Federal Reserve (Fed) that would take a toll on the economy, a dealer said.

At 9 am, the local currency was traded at 4.3970/4015 against the greenback from yesterday's close of 4.3985/4015.

Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said talks of a possible recession would also make market participants remain defensive, leading to a higher demand for safe-haven currencies.

"The ringgit is expected to remain in a tight range in the absence of fresh leads as the US markets closed last night.

"The ringgit versus the Singapore dollar saw a notable movement with the Singapore dollar closing at RM3.1736 yesterday after hovering around RM3.20 in the early part of June," he told Bernama.

According to a news report, the Fed is front-loading its interest rate hikes and sending the Fed Funds Rate (FFR) to a higher peak level than the last interest rate hike cycle’s peak of 2.50 per cent.

Fed chairman Jerome Powell has also indicated a 50 to 75-basis-point rate hike at the next Federal Open Market Committee (FOMC) meeting on July 26 and 27.

Meanwhile, the ringgit was traded mostly higher against a basket of major currencies.

The local note appreciated vis-a-vis the euro to 4.6314/6361 from yesterday's close of 4.6325/6357, strengthened versus the Singapore dollar to 3.1711/1748 from 3.1717/1743 and rose against the Japanese yen to 3.2553/2592 from 3.2627/2652.

It, however, depreciated against the British pound to 5.3951/4006 from 5.3864/3901 previously. - Bernama


转载说明:本文转载自Sunbet。

添加回复:

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。