Edited by maklukpenggoda at 30-8-2024 10:05 PM
KUALA LUMPUR: The ringgit took a breather against the US dollar today as consolidation and profit-taking set in. At 6 pm, the local currency fell to 4.3185/3225 versus the greenback from Thursday’s close of 4.3080/3140.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit has performed well in August in light of higher conviction among the foreign investors.
"Better reviews from the major global investment banks have also resulted in more inflows into the equity market, indicating that demand for the ringgit is on the rise,” he told Bernama.
SPI Asset Management managing partner Stephen Innes said the United States personal consumption expenditures data would be released tonight but it is unlikely to be a real game-changer for the greenback.
"With the US non-farm payrolls on the horizon and the US Labour Day long weekend around the corner, some consolidation is par for the course," he added. The ringgit traded mostly lower against a basket of major currencies at Friday’s close.
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Post time 30-8-2024 09:58 PM
变色卡
Post time 31-8-2024 08:02 AM
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