Bank Negara Malaysia Defends Ringgit's Assessment Against US Dollar
===============
#e283bda6 ver:0.29
Bank Negara Malaysia defends the assessment of the Malaysian ringgit against the US dollar, highlighting its strength against other currencies. The central bank is intervening to preserve stability and working with GLICs, GLCs, and exporters to manage foreign currency balances. The ringgit's positive outlook is supported by strong fundamentals and positive investor sentiment. Analysts predict further improvement in 2024, with the US Federal Reserve likely easing rates. The ringgit is undervalued and could strengthen if the Fed cuts rates. The Malaysian financial markets have been resilient, but uncertainties remain. Ongoing efforts and assurance from BNM provide a positive outlook for the ringgit. #Malaysia #Ringgit #Currency #Economy...
#newstr #Ringgit #UsDollar #BankNegaraMalaysia #CurrencyAssessment #MalaysianEconomy
https://here.news/story/e283bda6?ver=0.29
Ringgit Expected to Strengthen in 2024, Analysts Say /
npub18f…hqwmt
2024-05-09 15:07:24
Author Public Key
npub18flgef8h36z5d6jp27wrk66v4rddtjq498ewyymq3x2696nw8lasshqwmtPublished at
2024-05-09 15:07:24Event JSON
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"content": "Bank Negara Malaysia Defends Ringgit's Assessment Against US Dollar\n===============\t\n#e283bda6 ver:0.29\n\nBank Negara Malaysia defends the assessment of the Malaysian ringgit against the US dollar, highlighting its strength against other currencies. The central bank is intervening to preserve stability and working with GLICs, GLCs, and exporters to manage foreign currency balances. The ringgit's positive outlook is supported by strong fundamentals and positive investor sentiment. Analysts predict further improvement in 2024, with the US Federal Reserve likely easing rates. The ringgit is undervalued and could strengthen if the Fed cuts rates. The Malaysian financial markets have been resilient, but uncertainties remain. Ongoing efforts and assurance from BNM provide a positive outlook for the ringgit. #Malaysia #Ringgit #Currency #Economy...\n\n#newstr #Ringgit #UsDollar #BankNegaraMalaysia #CurrencyAssessment #MalaysianEconomy \n\n https://here.news/story/e283bda6?ver=0.29",
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