Page 31 - Us Fed News Today

Analysts believe that any outflows from FIIs are unlikely to destabilise the local market. 

KUALA LUMPUR: The ringgit snapped two consecutive days of gains to open lower against the US dollar on cautious sentiment despite the weaker performance of the greenback.

In an interview with Amit Mudgill of BT Markets, Relli said while the possibility of an year-end rally has reduced, one cannot ruled out such outcome.

Minneapolis Fed President sees potential for soft landing on inflation

KUALA LUMPUR: The ringgit continued its upward momentum to open higher against the US dollar today as the United States (US) Treasury yield slid following dovish comments from the US Federal Reserve (Fed) officials, said an analyst. 

Asian currencies trading higher on dovish FED comments and anticipated Chinese stimulus measures.

All Fed policymakers had agreed that the central bank should proceed carefully on rate decisions and incoming data would help determine whether another hike was needed in coming months, said the minutes

KUALA LUMPUR: The ringgit opened higher against the US dollar today as the greenback weakened following dovish comments from top US Federal Reserve (Fed) officials about the interest rate outlook, said an analyst. 

Sonam Udasi believes Indian markets may continue to hold steady over the medium term.

"We have not yet added to positions in India portfolio. The market has shifted around a little bit. We do not have that many Indian stocks. What we have, we tend to be in longer term, larger cap type names. We have not really played the midcap or smaller cap side. We just focus on a relatively small number of very liquid largecap names, which has served us quite well over time."