Page 107 - Forex News Today

Vietnam tops the list with 12 million women crypto owners — 24% of its female population. The Philippines ranks second with 9.6%, reflecting almost 5.5 million female crypto owners. However, barring a few countries, there are disparities in ownership of crypto. Vietnam had the most even numbers of male and female crypto owners, with 47% being female.

KUALA LUMPUR: The ringgit extended its downward trend against the US dollar this morning as the greenback strengthened amidst higher-than-expected United States (US) Retail Sales data on Tuesday, analysts said. 

Option traders see little likelihood of intervention even if the yen weakens to ¥145.90 against the dollar.

With Japan now reaping some benefits from a weaker currency, intervention may not come as quickly as it did last year.

HANOI: Despite the difference in policies of the State Bank of Vietnam (SBV) and the US Federal Reserve (Fed), the US dollar-Vietnamese dong (US$/dong) exchange rate has remained stable to date thanks to a trade surplus and a bright economic outlook for Vietnam in the second half of this year, experts say.

KUALA LUMPUR: The ringgit opened lower versus the US dollar today on further appreciation of the US dollar Index (DXY) as investors remain wary of the global growth prospect outlook especially in China. 

Economic Affairs Ministry is optimistic that export proceeds or DHE will be able to increase foreign exchange (forex) reserves.

For manufacturers, the continued devaluation of the naira had led to increased costs with regard to the importation of raw materials for production needs. However, the most immediate consequence has been the erosion of profits as seen in the financial statements posted by listed firms on the NGX.

The currency has depreciated about 3% since the Bank of Japan decided to tolerate higher benchmark bond yields on July 28.

KUALA LUMPUR: The ringgit will likely stay within a narrow range of RM4.57 to RM4.60 against the US dollar this week due to the global market indicating a stronger greenback, says an analyst.