US dollar demand set to be subdued ahead of Christmas and New Year breaks. FMTNews Ringgit Dollar
KUALA LUMPUR: The ringgit is expected to ease slightly against the US dollar next week amid subdued demand ahead of the Christmas and New Year breaks, moving between the 4.00-4.15 level.
Speaking to Bernama, Innes said he foresees the ringgit trading in a tight range of 4.1550 and below against the greenback even though the US-China trade deal had made some positive development. He said the economic prints would be set against the optimism surrounding the US-China trade deal that is expected to be signed next month, with markets adopting a risk-on tone as fears over a global recession subside.“For the week ahead, the immediate support level for the US dollar-ringgit could be drawn at 4.12 in the event of more dollar weakness.
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 reverses downtrend, opens higher against US dollarStagnant greenback, steadier oil prices spur fresh buying interest for the local note. FMTNews Ringgt
Read more »
Ringgit ends higher against US dollar | Malay MailKUALA LUMPUR, Dec 20 — The ringgit ended the week higher against the US dollar today lifted by a softer greenback on the back of political uncertainty in the United States coupled with progress on the US-China trade deal. As at 6pm, the ringgit was traded at 4.1380/1420 versus the US dollar...
Read more »
US watching North Korea for 'Christmas gift' missile launchWASHINGTON: The Unites States is closely watching North Korea for signs of a possible missile launch or nuclear test in the coming days that officials are referring to as a 'Christmas surprise.” A significant launch or test would mean the end of North Korea's self-imposed moratorium and raise tensions in the region.
Read more »
New Alphabet CEO gets US$240 mil pay package and a raiseSundar Pichai is also Google chief after founders stepped down earlier this month. FMTNews
Read more »
US appeals court sidesteps major Obamacare ruling | Malay MailWASHINGTON, Dec 19 ― A US appeals court ruled yesterday that a component of the Obamacare law is unconstitutional, but dodged a major ruling by stopping short of declaring that the rest of the landmark 2010 healthcare statute must also be struck down. The New Orleans-based 5th US Circuit Court of...
Read more »
Australian PM lambasted for going on US holiday as nation burnsSYDNEY: Australian Prime Minister Scott Morrison cut short a Hawaii holiday on Friday following a barrage of criticism for vacationing while his country battles an unprecedented bushfire crisis.
Read more »