Google on July 22 said it was ditching its long mooted plan to block tracking “cookies” on its Chrome browser after years of resistance from online publishers and questions from regulators.
KUALA LUMPUR: The ringgit opened higher against the US dollar and a basket of other major currencies as market participants awaited Malaysia’s inflation announcement, said an analyst.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the Department of Statistics Malaysia is expected to announce consumer price index data on Wednesday to gauge the impact of fuel subsidy rationalisation.
"This gives the impression that Malaysia’s central bank is not about to join the global chorus of monetary easing as the current policy stance remains supportive to growth," he told Bernama. On the global front, he observed that a surprise interest rate cut in China suggests that the world's second-largest economy needs support to maintain its five per cent growth target this year after the 2Q 2024 GDP slipped to 4.7 per cent.
"The US Dollar Index fell slightly by 0.08 per cent to 104.314. It remains to be seen whether she will win the presidential race, but for now, it seems dollar-positive," he said.The local currency appreciated versus the Japanese yen to 2.9809/9858 from 2.9869/9892 at Monday’s close, rose against the British pound to 6.0487/0577 from 6.0514/0553 and improved vis-a-vis the euro to 5.0939/1015 from 5.0971/1003 previously.
Ringgit Opening US Dollar CPI Inflation Dr Mohd Afzanizam
Malaysia Latest News, Malaysia Headlines
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