BEAMSTART Logo

Ringgit rebounds ahead of MPC next week

The Star Business LogoThe Star Business1 mo ago

Ringgit rebounds ahead of MPC next week

Quick Summary AI Powered

KUALA LUMPUR: The ringgit rebounded after two consecutive trading days of losses to open marginally higher against the US dollar this morning ahead of the fourth Bank Negara Malaysia (BNM) Monetary Policy Committee (MPC) meeting scheduled next week, an analyst said.

At 9 am, the local currency appreciated to 4.4060/4070 against the greenback from 4.4075/4090 at the close yesterday.

But we do not envision the ringgit returning to sub RM4.20 anytime soon, so we are targeting RM4.35 for year-end,” he said.


More Pictures


or

Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Ringgit US dollar Forex Fed OPR BNM /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 11:00:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 351 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 24262

View Article Analysis

About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 10h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.