The ringgit began trading higher against the US dollar on Thursday, buoyed by stabilisation of the yuan following the People's Bank of China's decision to maintain interest rates earlier this week, which was seen as a positive indicator. At 8 am, the ringgit traded at 4.4835/4900 against the greenback, slightly up from Tuesday's close of 4.4845/4900.
SPI Asset Management managing partner Stephen Innes remarked that China's plan to issue three trillion yuan in special treasury bonds next year to stimulate its economy further supports the ringgit's performance. However, he noted that while these developments are encouraging, the primary focus remains on the incoming US administration's trade policy, which could lend continued support to the US dollar as the inauguration nears.
"The shifting trade dynamics and upcoming policy announcements will be key factors influencing the ringgit's performance in the near future," he told Bernama.
UOB Kay Hian Wealth Advisors investment research head Mohd Sedek Jantan highlighted that the local currency also gained strength due to stronger US economic growth data and expectations that robust global economic activity will boost oil demand. He added that Brent and WTI oil prices ended higher on Tuesday, further supporting the ringgit.
"Additionally, the Asian Dollar Index today also shows an uptrend, generally indicating that the value basket of Asian currencies is strengthening against a US dollar," he observed.
Despite these gains, the ringgit recorded mixed performance against major currencies. It appreciated against the Japanese yen, trading at 2.8534/8579 from 2.8547/8586. However, it weakened against the British pound to 5.6237/6318 from 5.6209/6278 and slipped vis-a-vis the euro to 4.6624/6692 from 4.6603/6660.
Against ASEAN currencies, the ringgit showed a mixed trend. It weakened against the Singapore dollar at 3.2989/3041 from 3.2979/3024 and was flat against the Philippine peso at 7.66/7.68. Meanwhile, it remained almost unchanged versus the Indonesian rupiah at 276.8/277.4 from 276.9/277.4 but appreciated vis-a-vis the Thai baht to 13.1066/1363 from 13.1283/1517.
在中国人民银行本周早些时候决定维持利率之后，受人民币稳定的推动，令吉兑美元汇率于周四开始走高，这被视为一个积极的指标。上午8点，令吉兑美元汇率为4.4835/4900美元，略高于周二收盘的4.4845/4900。
SPI资产管理管理合伙人斯蒂芬·英尼斯表示，中国计划明年发行三万亿元人民币的特别国债以刺激经济，这进一步支持了令吉的表现。但是，他指出，尽管这些进展令人鼓舞，但主要重点仍然是即将上任的美国政府的贸易政策，随着就职典礼的临近，该政策可能会继续为美元提供支持。
他告诉Bernama：“不断变化的贸易动态和即将发布的政策公告将是影响令吉在不久的将来表现的关键因素。”
UoB Kay Hian Wealth Advisors投资研究主管莫哈德·塞德克·詹坦强调，由于美国经济增长数据走强，以及对强劲的全球经济活动将提振石油需求的预期，本币也走强。他补充说，布伦特原油和西德中质原油价格周二收高，进一步支撑了令吉。
他观察到：“此外，今天的亚洲美元指数也显示出上升趋势，这通常表明亚洲货币兑美元的价值篮子正在走强。”
尽管有这些上涨，但令吉兑主要货币的表现好坏参半。它兑日元升值，交易价格从2.8547/8586升至2.8534/8579。但是，美元兑英镑从5.6209/6278跌至5.6237/6318，兑欧元汇率从4.6603/6660跌至4.6624/6692。
令吉兑东盟货币表现出喜忧参半的趋势。美元兑新加坡元从3.2979/3024跌至3.2989/3041，兑菲律宾比索持平至7.66/7.68。同时，它兑印度尼西亚卢比几乎保持不变，从276.9/277.4升至276.8/277.4，但兑泰铢从13.1283/1517年升值至13.1066/1363。
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