Ringgit, emerging market currencies to trade in volatile mode amid Covid-19 fears | Malay Mail

📆 2020/03/21 07:45:00
📰 malaymail

⏱ Reading Time:
28 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 86%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

KUALA LUMPUR, March 21 — The local note is expected to trade in volatile mode in line with other emerging market (EM) currencies as the global economy continues to be under pressure as Covid-19 fears continue to grip global markets. FXTM Market Analyst Han Tan said global investors will be...

Saturday, 21 Mar 2020 10:11 AM MYT

FXTM Market Analyst Han Tan said global investors will be looking out for further signs of the economic carnage caused by Covid-19, while awaiting data on Purchasing Managers’ Index , retail spending and external trade figures expected to be announced next week. For the week ahead, he said that the continued easing of the USD-funding stress could push the USD/MYR closer back towards the 4.30 psychological level.

On the oil front, benchmark Brent crude was recorded at US$34.52 per barrel before sliding to US$28 per barrel yesterday.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

South Africa South Africa Latest News, South Africa South Africa Headlines