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皇冠信用网开户(www.hg108.vip)_Ringgit opens slightly lower against US dollar

皇冠信用网开户(www.hg108.vip)_Ringgit opens slightly lower against US dollar

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KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today following the decline in the United States (US) benchmark equities last night, an analyst said.

At 9 am, the local currency depreciated to 4.3995/4020 against the greenback from 4.3960/3975 at the close yesterday.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US benchmark equities were down last night as investors were spooked by the US consumer confidence report.

"According to the Conference Board, the US consumer confidence index fell to 98.7 points in June from 103.2 in May -- the lowest level seen since February 2021.

"The decline reinforced the view that the US economy is expected to slow down going forward as consumers grapple with the high-cost environment," he told Bernama.

He added that consumers are expected to reprioritise their spending patterns, which could lead to a moderation in economic growth as consumer spending account for 70 per cent of the US economy.

Meanwhile, the 10-year US Treasury yields fell by close to three basis points to 3.17 per cent, while the US Dollar Index (DXY) rose to 104.506 points.

"The dollar-ringgit pair could remain tepid but the recent news on the upward revision of the sovereign rating outlook by S&P Global Ratings (S&P) -- from ‘negative’ to ‘stable’ -- suggests that the Malaysian government has the fiscal space to remain expansionary.

"The S&P rating assessment is predicated on the sturdy economic growth and comfortable level of external balances," he said.

Meanwhile, the local currency was traded mostly higher against a basket of major currencies.

The ringgit rose against the British pound to 5.3630/3660 from Tuesday's close of 5.3899/3918, gained against the Singapore dollar to 3.1694/1717 from 3.1726/1742 and strengthened against the euro to 4.6278/6305 from 4.6527/6543 yesterday.

However, the local note had slid vis-a-vis the Japanese yen to 3.2349/2370 from 3.2333/2346 previously. - Bernama


转载说明:本文转载自Sunbet。
  • 竞彩预测(www.99cx.vip) @回复Ta

    2022-07-06 00:06:08 

    今年,赵今麦凭借担任女一号的电视剧《开端》走红,这应该是她吸引《花儿与少年4》的重要原因。1992年出生的韩东君,是这7个人里力气最大、露营经验最丰富的。所以,虽然他的年龄倒数第三小,但他会是主心骨和顶梁柱。没看的都来啊

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