Page 40 - Ringgit News Today

Global bond market movement was generally mixed in the week. Longer maturity global bonds, encompassing tenors of 10-year and longer, posted gains.

Local note picks up as green back firms after drop in US jobless claims.  

With inflation expected to have peaked and global growth becoming weaker, Bank Negara decided to keep interest rates unchanged when its Monetary Policy Committee kept the overnight policy rate (OPR) at 3%.

KUALA LUMPUR: The ringgit rebounded this morning after a week of losses despite the greenback firming after an unexpected drop in US unemployment benefits.

KUALA LUMPUR, Sept 7 — The ringgit eased further against the US dollar as fresh worries over sticky US inflation kept investors away from emerging markets. At 9am, the local...

Local note falls to 4.6750/6765 against greenback from yesterday’s close of 4.6720/6765.

The dark clouds forming on the global economic horizon indicate Bank Negara’s monetary policy objective will have a pro-growth bias as gross domestic product growth and inflation moderates in the second half of 2023.

Expert says higher US Treasury yields hurt demand for emerging currencies.

KUALA LUMPUR, Sept 6 — The ringgit traded in a narrow range as the US dollar continued to firm amid nervous sentiments following concerns over the bleak outlook for the global...

Bleak global economic outlook weighs on the local currency.