Ringgit opens marginally higher against greenback
==========
The ringgit opened at 4.3485/3595 against the US dollar on September 3, 2024, slightly up from 4.3550/3600 the previous day; Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted potential profit-taking due to recent ringgit appreciation; US rate cut expectations for September remain high, indicating a possible monetary easing cycle; US ISM manufacturing data to be released tonight, with expectations of improvement from July's 46.8 to August's 47.5; The ringgit also strengthened against major currencies including the Japanese yen, euro, and British pound.
#Ringgit #UsDollar #Economy #Malaysia #CurrencyExchange #Banking #Finance #MarketAnalysis #EconomicData #MonetaryPolicy
https://www.nst.com.my/business/economy/2024/09/1100440/ringgit-opens-marginally-higher-against-greenback
New Straits Times /
npub1da…x087j
2024-09-03 01:04:27
Author Public Key
npub1da9xhqetht0hvcwa6g5ftpl58zs3zymrtf6t69rfw66hr2uk6gnq9x087jPublished at
2024-09-03 01:04:27Event JSON
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"content": "Ringgit opens marginally higher against greenback\n==========\n\nThe ringgit opened at 4.3485/3595 against the US dollar on September 3, 2024, slightly up from 4.3550/3600 the previous day; Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted potential profit-taking due to recent ringgit appreciation; US rate cut expectations for September remain high, indicating a possible monetary easing cycle; US ISM manufacturing data to be released tonight, with expectations of improvement from July's 46.8 to August's 47.5; The ringgit also strengthened against major currencies including the Japanese yen, euro, and British pound.\n\n#Ringgit #UsDollar #Economy #Malaysia #CurrencyExchange #Banking #Finance #MarketAnalysis #EconomicData #MonetaryPolicy\n\nhttps://www.nst.com.my/business/economy/2024/09/1100440/ringgit-opens-marginally-higher-against-greenback",
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