LONDON (Reuters) -Ten-man Tottenham Hotspur secured a convincing 3-0 victory over Azerbaijani side Qarabag on Thursday after the match was delayed by over half an hour due to travel disruptions.
KUALA LUMPUR: The ringgit eased against the US dollar at the close on Thursday due to profit-taking following its sharp gains earlier in the week, and on caution ahead of US personal consumption expenditures data tomorrow, according to an analyst.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the ringgit traded at RM4.1518 during the morning session, strengthened to RM4.1202 in the afternoon but moved lower to RM4.1425 towards the end of the day.
"It seems euphoria for China’s stimulus is fading, leading to higher demand for safe haven currencies like the US dollar. the ringgit is also in an overbought condition, leading to profit-taking activities,” he told Bernama. Afzanizam said markets will also be observing major incoming data such as the US personal consumption expenditures , which will be unveiled on Friday. Markets are expecting the PCE price index to continue to moderate to 2.3 per cent in August from 2.5 per cent in July.
Ringgit US Dollar Mohd Afzanizam Abdul Rashid Profit-Taking
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