Ringgit eases further as risk-off mode remains after Fed’s minutes
KUALA LUMPUR: The ringgit ended at its lowest since early January 2017 against the US dollar as risk-off sentiment gathered pace after the US Federal Reserve’s July meeting minutes suggested that the trend toward higher interest rates would continue.
The Fed said inflation remains high despite aggressive rate hikes, reaffirming its plans to continue raising interest rates to combat elevated inflation.
This is keeping the greenback more buoyed, boosting the US Dollar Index by 106.736 points.
The latest data also showed signs of slowing economic activities, with the safe haven currency projected to remain in demand. Investors will closely monitor next week’s Jackson Hole symposium for further clues.,
,telegram群成员id采集器（www.tel8.vip）是一个Telegram群组分享平台。telegram群成员id采集器包括telegram群成员id采集器、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。telegram群成员id采集器为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
At 6 pm, the local currency dipped to 4.4720/4750 against the greenback from Wednesday’s close of 4.4660/4685. The ringgit was traded mixed against a basket of major currencies.
It fell against the Singapore dollar to 3.2371/2397 from 3.2315/2338 at Wednesday’s close, and declined against the euro at 4.5471/5502 from 4.5455/5480 previously.
The local unit increased vis-a-vis the Japanese yen at 3.3077/3102 from 3.3126/3147 yesterday, and rose against the British pound to 5.3959/3995 from 5.4048/4078. - Bernama