Ringgit extends gain against greenback to close at 4.37 level

Quick Summary:

KUALA LUMPUR: The ringgit maintained its uptrend, climbing to the 4.37 level against the US dollar at Tuesday’s close as the greenback remained weak ahead of a key speech by the US Federal Reserve (Fed) chairman at the Jackson Hole Symposium later this week.

Meanwhile, the ringgit was traded lower against ASEAN currencies.

The key event to monitor is the Jackson Hole Symposium, where (Fed chairman) Jerome Powell is expected to guide the Fed's next policy move.

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Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingapore

Topics: US dollar Ringgit Forex Jackson Hole /Business/Business News Mohd Afzanizam Abdul Rashid FOMC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 19:20:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 395 words

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Sentences: 18 lines

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Copyright Owner: © The Star

News ID: 22176671

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