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ug环球会员开户:Ringgit opens weaker amid rate hike risks in Europe

时间:3周前   阅读:10   评论:6

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KUALA LUMPUR: The ringgit extended its decline and opened easier today as the uncertain global markets weighed on investors' risk appetite for risky assets, said a dealer.

At 9 am, the local currency slipped to 4.4550/4570 versus the greenback from Wednesday's close of 4.4500/4540.

SPI Asset Management managing partner Stephen Innes said the local currency opened a touch weaker as investors prepared themselves to navigate the gauntlet of risks in Europe today, including the European Central Bank’s rate hike, the geopolitical tension in Italy and the uncertainty over the restart of the offshore natural gas pipeline, Nord Stream 1.

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"As a result, global markets remain unstable, which impacts market sentiment. Also, the United States (US) currency strengthened due to increasing yields as the market anticipates that the US Federal Reserve will raise interest rates by 75 basis points next week," he told Bernama.

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

The local currency inched up against the Singapore dollar to 3.1972/1989 from 3.1978/2009 on Wednesday and appreciated versus the British pound to 5.3309/3332 from 5.3498/3546 previously.

It also went up versus the Japanese yen to 3.2173/2190 from 3.2202/2233 yesterday and rose vis-a-vis the euro to 4.5379/5399 from 4.5586/5627 previously. - Bernama


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  • 2022-09-12 01:07:39

    In April 2021, Myanmar junta chief Min Aung Hlaing agreed to implement the 5PC, which called for immediate cessation of violence, hold dialogues with all key stakeholders, appointment of a special envoy to facilitate mediation and for the delegation to visit and meet with stakeholders in Myanmar, and to allow Asean to provide humanitarian assistance to people in Myanmar.好好写呀

  • 2022-11-15 00:10:13

      “一切造谣者只有一个结局,那就是彻底的破产。”吴谦说,中方一方面坚决批驳谎言,以实际行动表明中国军队永远是维护世界和平的坚定力量,另一方面我们当然不会因为美方的诬蔑抹黑而放弃自身发展的权利。青山遮不住,毕竟东流去。中国军队的发展壮大,是不以他人意志为转移的,是没有任何势力能够阻挡的。真是很特别,爱了

  • 2022-11-18 00:25:21

    Its members, including Malaysia, are firmly committed to implementing the international standards against serious financial crime that impact financial systems.不普通啊