KUALA LUMPUR: The ringgit has depreciated by 7.8 per cent against the US dollar between Oct 1 and Nov 13 this year, mainly driven by a stronger US dollar in the same period, according to Bank Negara Malaysia (BNM). In a statement today, the central bank said this is amid expectations for smaller US policy rate reductions following robust US economic data. According to BNM, in the third quarter of 2024 (3Q24), the ringg...
USD/MYR Forum
Bursa Malaysia ended the trading day in the red, with $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ falling by 0.26% to close at 1,598.18. The benchmark index faced selling pressure from heavyweights in $Bursa Utilities (0065I.MY)$, $Bursa Finance Services (0010I.MY)$, and $Bursa Consumer Products & Services (0001I.MY)$ sectors. Trading activity saw a total volume of 2.72 billion shares valued at RM2.44 billion, reflecting c...
👇🏻😁
Why the US dollar keeps getting stronger
In a statement today, the central bank said this is amid expectations for smaller US policy rate reductions following robust US economic data.
According to BNM, in the third quarter of 2024 (3Q24), the ringg...
No comment yet