News Formal

Ringgit ends higher vs dollar ahead of US Federal Open Market Committee decision

  • 📰 malaymail
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

KUALA LUMPUR, Sept 20 — The ringgit ended higher against the US dollar today ahead of the US Federal Open Market Committee (FOMC) interest rate decision due later tonight. The...

KUALA LUMPUR, Sept 20 — The ringgit ended higher against the US dollar today ahead of the US Federal Open Market Committee interest rate decision due later tonight.

SPI Asset Management managing director Stephen Innes said traders have been buying US dollars for the past two months, so there was likely a minor position adjustment today, resulting in the ringgit closing firmer. “Hence if anything, the tail risk is for the US dollar to weaken if the Fed does not meet hawkish forward expectations,” he told Bernama.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 1. in FR

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Ringgit extends downtrend vs dollar ahead of US Federal Open Market Committee meetingKUALA LUMPUR, Sept 19 — The ringgit extended its downtrend against the US dollar today ahead of the US Federal Open Market Committee (FOMC) meeting today and tomorrow to decide...
La source: malaymail - 🏆 1. / 86 Lire la suite »