There's not much to work on this week
We are sailing through a dull week as the lack of data before the US CPI report next week is keeping the FX markets in tight ranges.
Source: forexlive.com
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Ringgit trades in tight range versus US dollar ahead of US CPI print
KUALA LUMPUR: The ringgit traded in a narrow range today at between 4.676 to 4.684 against the US dollar as market players await the United States (US) Consumer Price Index (CPI) inflation data for February later tonight, said an economist.
Source: thestar.com.my
Ringgit firmer versus US dollar in early trade
KUALA LUMPUR: The ringgit strengthened against the US dollar in early trade today as investors took a breather ahead of the release of the US Consumer Price Index (CPI) data later today, an analyst said.
Source: thestar.com.my
Inflation blazes Mar Fed rate cut hope but blisters unlikely for India, earnings a bigger worry
While the market is expected to remain under pressure for a couple of days due to the hot US inflation print, it is unlikely to be as big a risk for Indian equities as concerns of an earnings slowdown, analysts believe.
Source: moneycontrol.com
Ringgit opens lower vs US$, stronger against other major currencies
KUALA LUMPUR: The ringgit continued to open lower against the US dollar today amid higher-than-expected US inflation data which suggested the Federal Reserve (Fed) might keep the interest rate steady at current level.
Source: thestar.com.my