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Ringgit opens higher ahead of MPC meeting


KUALA LUMPUR: The ringgit opened firmer against the US dollar this morning ahead of Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) meeting on Thursday, during which the central bank is expected to maintain the current Overnight Policy Rate of 1.75 per cent to support the economy.
At 9.03am, the local note rose to 4.1545/1580 versus the greenback from 4.1600/1650 at Friday’s close.
According to Bank Islam Malaysia Bhd economist Adam Mohamed Rahim, the anticipated MPC decision would likely send signals that the economy does not require further monetary easing especially with the United States expected to hike rates earlier than expected. ....

Kuala Lumpur , United States , United Kingdom , Adam Mohamed Rahim , Movement Control Order , Bank Islam Malaysia Bhd , National Security Council , Bank Negara Malaysia , Monetary Policy Committee , Overnight Policy Rate , Enhanced Movement Control Order , குவாலா லம்பூர் , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , ஆடம் மொஹாமெட் ரஹீம் , இயக்கம் கட்டுப்பாடு ஆர்டர் , வங்கி இஸ்லாம் மலேசியா ப்ட் , தேசிய பாதுகாப்பு சபை , வங்கி நெகாரா மலேசியா , பண பாலிஸீ குழு , ஓவர்‌நைட் பாலிஸீ ரேட் , மேம்படுத்தப்பட்டது இயக்கம் கட்டுப்பாடு ஆர்டர் ,

Ringgit to continue trading under pressure next week


KUALA LUMPUR, July 4 (Bernama): The ringgit will continue to trade under pressure versus the US dollar from Monday as currency traders attentively track developments in the US as well as wait for Bank Negara Malaysia’s (BNM) monetary policy committee meeting next Thursday (July 8).
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said US dollar/ringgit has been gyrating on the weaker side this week amid the appreciation of US dollar index to 92.632 points on Friday.
As the case for US quantitative easing tapering gaining momentum, the value of the US dollar is expected to rise, leading to weaker emerging market currencies including the ringgit. Perhaps, the ringgit would stay at a range of around RM4.16 next week, ” he told Bernama. ....

Kuala Lumpur , United Kingdom , Adam Mohamed Rahim , Mohd Afzanizam Abdul Rashid , Mohd Afzanizam , Bank Islam Malaysia Bhd , Movement Control Order , Bank Negara Malaysia , Islam Malaysia Bhd , Purchasing Managers Index , Full Movement Control Order , Overnight Policy Rate , குவாலா லம்பூர் , ஒன்றுபட்டது கிஂக்டம் , ஆடம் மொஹாமெட் ரஹீம் , வங்கி இஸ்லாம் மலேசியா ப்ட் , இயக்கம் கட்டுப்பாடு ஆர்டர் , வங்கி நெகாரா மலேசியா , இஸ்லாம் மலேசியா ப்ட் , வாங்குதல் மேலாளர்கள் குறியீட்டு , ஓவர்‌நைட் பாலிஸீ ரேட் ,

Ringgit to continue trading under pressure next week | Money


Saturday, 03 Jul 2021 10:39 AM MYT
Malaysian ringgit notes are seen among US dollar bills in this photo illustration taken in Singapore in this August 24, 2015 file photo. Reuters pic
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KUALA LUMPUR, July 3 The ringgit will continue to trade under pressure versus the US dollar next week as currency traders attentively track developments in the US as well as wait for Bank Negara Malaysia’s (BNM) monetary policy committee meeting next Thursday.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said US dollar/ringgit has been gyrating on the weaker side this week amid the appreciation of US dollar index to 92.632 points on Friday. ....

Kuala Lumpur , United Kingdom , Adam Mohamed Rahim , Mohd Afzanizam Abdul Rashid , Mohd Afzanizam , Bank Islam Malaysia Bhd , Movement Control Order , Bank Negara Malaysia , Islam Malaysia Bhd , Purchasing Managers Index , Full Movement Control Order , Overnight Policy Rate , குவாலா லம்பூர் , ஒன்றுபட்டது கிஂக்டம் , ஆடம் மொஹாமெட் ரஹீம் , வங்கி இஸ்லாம் மலேசியா ப்ட் , இயக்கம் கட்டுப்பாடு ஆர்டர் , வங்கி நெகாரா மலேசியா , இஸ்லாம் மலேசியா ப்ட் , வாங்குதல் மேலாளர்கள் குறியீட்டு , ஓவர்‌நைட் பாலிஸீ ரேட் ,

Bursa Malaysia seen trading in tight range next week with all eyes on OPR | Money


Saturday, 03 Jul 2021 10:27 AM MYT
An investor monitors the stock prices in the gallery of the RHB Investment Bank Bhd headquarters in Kuala Lumpur March 17, 2020. ― Picture by Hari Anggara
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KUALA LUMPUR, July 3 Bursa Malaysia is expected to trade in a tight range of between 1,530 points and 1,540 points next week.
Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said besides COVID-19 developments, investors will closely monitor the next Monetary Policy Committee (MPC) on the Overnight Policy Rate (OPR), scheduled to be held on July 8.
“Bank Negara Malaysia (BNM) is likely to stay put with the current OPR of 1.75 per cent. ....

Kuala Lumpur , Muhyiddin Yassin , Adam Mohamed Rahim , Hari Anggara , Movement Control Order , Investment Bank Bhd , Energy Index , Bank Islam Malaysia Bhd , Technology Index , National People , Financial Services Index , Bank Negara Malaysia , Services Index , Monetary Policy Committee , Bank Bhd , Kuala Lumpur March , Bursa Malaysia , Islam Malaysia Bhd , Overnight Policy Rate , Negara Malaysia , Enhanced Movement Control Order , Prime Minister Tan Sri Muhyiddin Yassin , Economic Recovery Package , Shariah Index , Industrial Products , Plantation Index ,