Fundamental Overview – Despite the USD index trading stronger close to the 107.0 level, the ringgit appreciated slightly, trading within the 4.46-4.48 range against the USD. This resilience may partly reflect FX intervention and the repatriation of overseas funds. However, the negative yield differential between the 10-year MGS and UST widened to -60.0 bps, compared to -37.0 bps a month ago...
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
– Despite the USD index trading stronger close to the 107.0 level, the ringgit appreciated slightly, trading within the 4.46-4.48 range against the USD. This resilience may partly reflect FX intervention and the repatriation of overseas funds. However, the negative yield differential between the 10-year MGS and UST widened to -60.0 bps, compared to -37.0 bps a month ago...
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...
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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...
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