Page 39 - Us Fed News Today

KUALA LUMPUR: The ringgit opened almost flat against the US dollar today ahead of Bank Negara Malaysia's (BNM) overnight policy rate (OPR) decision on Thursday, an analyst said. 

This trend persisted throughout the week as the GDP growth rate was revised downward. Additionally, figures from ADP revealed that the US added the fewest jobs in five months in August. These factors led traders to scale back their bets on a Federal Reserve interest rate hike next month.

Indias economy exceeded expectations by growing 7.8 percent in the April-June quarter and would further attract overseas money flow, analysts have said

KUALA LUMPUR: The ringgit continues its uptrend to open higher against the US dollar today as the greenback traded in a cautious mode ahead of the United States (US) nonfarm payrolls data (NFP) for August to be released later today, said an analyst.

KUALA LUMPUR: The ringgit opened higher against the US dollar today as the greenback retreated following the release of the United States’ (US) economic data which came in below expectations, as well as the improvement in risk appetite, said an analyst.

KUALA LUMPUR: The ringgit opened marginally better against the US dollar today, with the US dollar Index remaining depressed after reversing from an 11-week high.

Indian rupee opened marginally higher against US dollar in a thinly traded volume tracking ahead of key data this week.

"Healthcare beating estimates and positive commentary on the back of the US is showing signs of reversal at least for a few of them. New product launches should aid growth in the coming quarters. Banks/Financials have seen a reduction in margins. However, it is lower than expectations, which is a positive sign. The loan growth is steady and the asset quality remains healthy."

America must plan better for the failure of banks that are large but not enormous

Mukesh Ambani the Chairman of Reliance Industries will address the shareholders at the companys 46th annual general meeting on Monday, which will be closely tracked by investors.