Ringgit ends higher against dollar
The ringgit has ended higher against the US dollar after moving in a tight range today due to muted trading, said an analyst. – The Malaysian Insight file pic, March 27, 2023.
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said this was because attention had shifted towards the banking sector in the US and Europe as central banks had slowed their interest rate hikes. The discount window is a central bank lending facility meant to help commercial banks manage short-term liquidity needs.
“That is very steep and certainly it may have repercussions on economies as businesses may need to contend with higher borrowing costs.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ringgit opens slightly lower v dollar | The Malaysian InsightLocal note trades mostly lower against major currencies.
Read more »
Dr Mahathir again tells Malays to reject Anwar’s unity govt | The Malaysian InsightHe says community ‘became so poor’ after he was no longer PM.
Read more »
Sindiket seludup pendatang tanpa izin dari Sabah ke Semenanjung tumpas | The Malaysian Insight15 individu dipercayai terbabit dengan jenayah itu telah ditahan di Kuala Lumpur, Johor dan Tawau pada Khamis lepas.
Read more »
Dr Zaliha says Marburg virus not detected in Malaysia | The Malaysian InsightDr Zaliha says Marburg virus not detected in Malaysia
Read more »
Destitute persons act review to complete in September, says Nancy | The Malaysian InsightMinister emphasises need to study related acts cohesively to make comprehensive amendments.
Read more »