News Formal

Malaysia's removal from US currency watch list affirms ringgit's market-driven status -Bank Negara Governor

  • 📰 staronline
  • ⏱ Reading Time:
  • 31 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 75%

Ringgit Nyheter

US Currency Monitoring List,Fed,US Presidency

The writer reflects on embracing life after retirement.

KUALA LUMPUR: Bank Negara Malaysia welcomed Malaysia’s removal from a US currency manipulation watch list, affirming the ringgit’s market-driven status.

The US Treasury Department’s semi-annual report released Thursday, Nov 14, monitors countries with large trade surpluses with respect to the US that also actively intervene in foreign exchange markets to gain a competitive advantage.The governor also highlighted that, more importantly, the ringgit’s movement should reflect the fundamentals of the nation’s economy.

"The ringgit’s performance in the third quarter was mainly driven by the US Federal Reserve’s shift towards a monetary policy easing stance, including the cumulative 75-basis points federal funds rate cut in September and November.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Bank Negara governor calls for concerted efforts to elevate role of Islamic financeKUALA LUMPUR: Malaysia must make concerted efforts to elevate the role of Islamic finance in achieving sustainable economic growth and social justice....
Källa: theSundaily - 🏆 25. / 51 Läs mer »