Ringgit strengthens against US dollar ahead of Budget 2025
==========
The ringgit opened higher at 4.2850/3010 against the US dollar on October 14, 2024, up from 4.2865/2910, driven by optimism regarding the government's fiscal discipline and a projected fiscal deficit below 4% of GDP for next year; Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted that the upcoming budget announcement would influence market sentiment; China's economy is under scrutiny, with inflation at 0.4% in September; the US Dollar Index (DXY) is at 103.021 points, indicating cautious trading for the ringgit; the ringgit also strengthened against the euro, Japanese yen, and British pound, while trading mixed against ASEAN currencies.
#Ringgit #UsDollar #Budget2025 #Malaysia #Economy #Inflation #FiscalPolicy #BankMuamalat #DrMohdAfzanizamAbdulRashid #Asean
https://www.nst.com.my/business/economy/2024/10/1119314/ringgit-strengthens-against-us-dollar-ahead-budget-2025
New Straits Times /
npub1da…x087j
2024-10-14 04:51:52
Author Public Key
npub1da9xhqetht0hvcwa6g5ftpl58zs3zymrtf6t69rfw66hr2uk6gnq9x087jPublished at
2024-10-14 04:51:52Event JSON
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"content": "Ringgit strengthens against US dollar ahead of Budget 2025\n==========\n\nThe ringgit opened higher at 4.2850/3010 against the US dollar on October 14, 2024, up from 4.2865/2910, driven by optimism regarding the government's fiscal discipline and a projected fiscal deficit below 4% of GDP for next year; Bank Muamalat Malaysia Bhd chief economist Dr. Mohd Afzanizam Abdul Rashid noted that the upcoming budget announcement would influence market sentiment; China's economy is under scrutiny, with inflation at 0.4% in September; the US Dollar Index (DXY) is at 103.021 points, indicating cautious trading for the ringgit; the ringgit also strengthened against the euro, Japanese yen, and British pound, while trading mixed against ASEAN currencies.\n\n#Ringgit #UsDollar #Budget2025 #Malaysia #Economy #Inflation #FiscalPolicy #BankMuamalat #DrMohdAfzanizamAbdulRashid #Asean\n\nhttps://www.nst.com.my/business/economy/2024/10/1119314/ringgit-strengthens-against-us-dollar-ahead-budget-2025",
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