Trending News: Super Typhoon Yagi to hit northeastern mainland on September 7Typhoon-affected gov’t workers eligible for special emergency leaveDA: Agri damage after ‘Enteng’ climbs to P659-MBuCor: Cashless policy to stop corruption, prison drug tradePH unemployment rate declines in JulyQuerubin takes oath as new member of Monetary BoardDA tests NextGen rice breeds in 4 C. Visayas provincesLRA urged to start forfeiture of real estate assets of POGOs30 remote schools in Antique join DOH healthy learning institutionsPalace declares Sept. 13 as non-working day in Cordillera6/42 Lotto bettor in Leyte wins P18.6-M jackpotGov’t workers urged to help save lives thru bloodletting driveGuo camp seeks more time to reply to misrepresentation rapAustralian gov’t finalizing P1.7-B economic dev’t program for PHDENR: Urbanization caused massive floodingDSWD gives P43-M aid to ‘Enteng’-hit families in Bicol6 int’l flights canceled due to ‘Yagi’PH manufacturing growth picks up in July‘Habagat’ to continue to dampen LuzonTrump eyes gov’t efficiency commission headed by MuskAlice Guo back in PHU.S. seeking export controls on quantum computingVietnam hands over chairmanship of ASEAN Committee in Paris to BruneiValenzuela gas hub sealed after yielding P3-M unmarked fuelUS Ambassador visits, engages in sports activities with AO victims in Da NangVietnam bags two golds at 36th International Olympiad in InformaticsAustralia to allow up to 1,000 Vietnamese workers in agricultural sectorNACC cries foul over film’s foster care portrayalTop leader hosts banquet in honour of Guinea-Bissau PresidentNo prisoner swap for Guo release: PBBMPM holds working session with RoK Ambassador to VietnamPBBM checks on storm-hit Rizal; flood control dam plannedFirst ladies of Vietnam, Guinea-Bissau join tea partyCristiano Ronaldo becomes 1st player to score 900 career goalsPrime Minister receives SpaceX Senior Vice PresidentOCD, Japan strengthen disaster risk management tiesAugust CPI stays stable compared to previous monthPresident of Guinea-Bissau visits Vietnam’s Field Crops Research InstituteVietnamese language promoted among overseas communitiesDa Nang looks to boosting cooperation with Cuban localitiesOfficial welcome ceremony held for President of Guinea-BissauDa Nang, Lao localities boost cooperationVietnamese, Guinea-Bissau leaders hold talks and witness signing of cooperationAnother NPA arms cache unearthed in SamarOVP aids almost 600 flood-hit families in Antipolo, TaytayElectric coop proposes to pilot solar power project in Apo IslandRomualdez: Tough prison terms await smugglers, price manipulators87K Catholics join Pope for grand Mass in JakartaHontiveros questions court arrest warrant vs. GuoEU, US, UK sign 1st-ever global treaty on AIOver 23 million students nationwide begin new school-yearUN Habitat Award: MBI Continues To Commit To Building Resilient, Sustainable City – Ipoh MayorCalling All ASEAN Storytellers! Join “ASEAN NEW GENERATION” Short Film Award By ASEAN-Japan Centre And Unveil Your World To JapanPolice Report Against Bus Driver Over Tik Tok Videos Of Schoolkids – NancyTwo More Doctors Remanded Over False Socso Claims ProbeRetail Shops In Segambut Raided After Viral Complaints About ForeignersNo Replacement Holiday For Malaysia Day Falling On Maulidur Rasul – Sabah CMSabah’s SESB Loses RM60 Mln A Year To Power Theft In Squatter ColoniesOlon Acquires Huvepharma Italia To Increase API Production CapacitySecurity Guard Charged With Nine Counts Of Incest, Sexual Assault On DaughtersGood To Set Up SG4 But Need To Study World REE Market – ZahidDevelop Formula To Expedite Decision On Child Alimony Rates – Mohd Na’imQuantexa Recognized as a ‘Luminary’ in Celent’s 2024 Insurance Fraud Detection Solutions ReportPahang Govt Highly Committed To Upholding, Elevating Islamic Syiar – MBPalestinians Receive Quality Treatment At Tuanku Mizan Military HospitalMCMC Seeks Balance To Regulate Social Media ChallengesCabinet Approves Rebranding Of PPR To PRR — NgaCuepacs: Establishment Of Statutory Bodies With Overlaping Roles Should Be RegulatedMalaysia, Russia Want Israel To Stop Violent Attacks On Gaza Immediately – PM AnwarUKMSC Explores Collaborations With IndonesiaUiTM Ready To Assist Government Build A Strong STEM EcosystemShohei Ohtani Becomes New Beats Brand AmbassadorRythm Foundation Committed To Implementing Educational Programme To Empower CommunityOnline Safety Bill 2024 In People’s Interest Especially Children – Ahmad ZahidMACC Nabs Two Officers For Soliciting Bribes To Protect Foreign WorkersBeeworks Games: Mobile Game ‘Everyone’s Mushroom Garden’ Released in English for iOS/Android31 Port Dickson Fishermen Affected By Hotel Construction Receive CompensationStrong Quake Strikes Papua New GuineaBursa Malaysia Ends Lower In Broad-based RetreatBlack and Veatch Survey Shows Sustainable Water Management a Top Priority for Australia’s Mining IndustryAnwar Calls For Direct Flights Connecting Malaysia And RussiaOlon Continues Its Growth Path And Announces A New AcquisitionEBC Financial Group Makes A Mark On LaLiga Stage With FC Barcelona PartnershipLantronix Announces 2024 SmartEdge Channel Partner Program Award WinnersPolice Scrutinising Company Finances Linked To Human Trafficking Case In Myanmar – IGPBrutal Murders Signify A Decline In Human Values – ExpertsMAB Must Prioritise Skilled Workers As Aviation Sector Continues To Grow – LokePM Anwar To Deliver Keynote Address At EEF 2024 Plenary Session In Russia TodaySeven Out Of 10 Malaysians Want Social Media Banned For Children Under 14 – Ipsos SurveyNoor Sherriyana Carves A Path In Male-Dominated CareerMalaysian Financial Planning Day 2024FBM KLCI Futures Higher In Early TradingPM Anwar Describes His Working Visit To Russia As MomentousBursa Malaysia Opens Higher On Bargain HuntingSyamsul Yusof, Ira Kazar Officially DivorcedEx-Computer Technician Makes Successful Venture Into Kelulut FarmingEBC Financial Group Debuts on LaLiga Stage with FC Barcelona PartnershipRinggit Opens Firmer vs Greenback As US Labour Demand DeclinesPM Anwar Visits EEF 2024 Exhibition In Vladivostok, RussiaAmple Opportunities To Expand Trade With Malaysia – Putin
Sun. Sep 8th, 2024
Trending News: Super Typhoon Yagi to hit northeastern mainland on September 7Typhoon-affected gov’t workers eligible for special emergency leaveDA: Agri damage after ‘Enteng’ climbs to P659-MBuCor: Cashless policy to stop corruption, prison drug tradePH unemployment rate declines in JulyQuerubin takes oath as new member of Monetary BoardDA tests NextGen rice breeds in 4 C. Visayas provincesLRA urged to start forfeiture of real estate assets of POGOs30 remote schools in Antique join DOH healthy learning institutionsPalace declares Sept. 13 as non-working day in Cordillera6/42 Lotto bettor in Leyte wins P18.6-M jackpotGov’t workers urged to help save lives thru bloodletting driveGuo camp seeks more time to reply to misrepresentation rapAustralian gov’t finalizing P1.7-B economic dev’t program for PHDENR: Urbanization caused massive floodingDSWD gives P43-M aid to ‘Enteng’-hit families in Bicol6 int’l flights canceled due to ‘Yagi’PH manufacturing growth picks up in July‘Habagat’ to continue to dampen LuzonTrump eyes gov’t efficiency commission headed by MuskAlice Guo back in PHU.S. seeking export controls on quantum computingVietnam hands over chairmanship of ASEAN Committee in Paris to BruneiValenzuela gas hub sealed after yielding P3-M unmarked fuelUS Ambassador visits, engages in sports activities with AO victims in Da NangVietnam bags two golds at 36th International Olympiad in InformaticsAustralia to allow up to 1,000 Vietnamese workers in agricultural sectorNACC cries foul over film’s foster care portrayalTop leader hosts banquet in honour of Guinea-Bissau PresidentNo prisoner swap for Guo release: PBBMPM holds working session with RoK Ambassador to VietnamPBBM checks on storm-hit Rizal; flood control dam plannedFirst ladies of Vietnam, Guinea-Bissau join tea partyCristiano Ronaldo becomes 1st player to score 900 career goalsPrime Minister receives SpaceX Senior Vice PresidentOCD, Japan strengthen disaster risk management tiesAugust CPI stays stable compared to previous monthPresident of Guinea-Bissau visits Vietnam’s Field Crops Research InstituteVietnamese language promoted among overseas communitiesDa Nang looks to boosting cooperation with Cuban localitiesOfficial welcome ceremony held for President of Guinea-BissauDa Nang, Lao localities boost cooperationVietnamese, Guinea-Bissau leaders hold talks and witness signing of cooperationAnother NPA arms cache unearthed in SamarOVP aids almost 600 flood-hit families in Antipolo, TaytayElectric coop proposes to pilot solar power project in Apo IslandRomualdez: Tough prison terms await smugglers, price manipulators87K Catholics join Pope for grand Mass in JakartaHontiveros questions court arrest warrant vs. GuoEU, US, UK sign 1st-ever global treaty on AIOver 23 million students nationwide begin new school-yearUN Habitat Award: MBI Continues To Commit To Building Resilient, Sustainable City – Ipoh MayorCalling All ASEAN Storytellers! Join “ASEAN NEW GENERATION” Short Film Award By ASEAN-Japan Centre And Unveil Your World To JapanPolice Report Against Bus Driver Over Tik Tok Videos Of Schoolkids – NancyTwo More Doctors Remanded Over False Socso Claims ProbeRetail Shops In Segambut Raided After Viral Complaints About ForeignersNo Replacement Holiday For Malaysia Day Falling On Maulidur Rasul – Sabah CMSabah’s SESB Loses RM60 Mln A Year To Power Theft In Squatter ColoniesOlon Acquires Huvepharma Italia To Increase API Production CapacitySecurity Guard Charged With Nine Counts Of Incest, Sexual Assault On DaughtersGood To Set Up SG4 But Need To Study World REE Market – ZahidDevelop Formula To Expedite Decision On Child Alimony Rates – Mohd Na’imQuantexa Recognized as a ‘Luminary’ in Celent’s 2024 Insurance Fraud Detection Solutions ReportPahang Govt Highly Committed To Upholding, Elevating Islamic Syiar – MBPalestinians Receive Quality Treatment At Tuanku Mizan Military HospitalMCMC Seeks Balance To Regulate Social Media ChallengesCabinet Approves Rebranding Of PPR To PRR — NgaCuepacs: Establishment Of Statutory Bodies With Overlaping Roles Should Be RegulatedMalaysia, Russia Want Israel To Stop Violent Attacks On Gaza Immediately – PM AnwarUKMSC Explores Collaborations With IndonesiaUiTM Ready To Assist Government Build A Strong STEM EcosystemShohei Ohtani Becomes New Beats Brand AmbassadorRythm Foundation Committed To Implementing Educational Programme To Empower CommunityOnline Safety Bill 2024 In People’s Interest Especially Children – Ahmad ZahidMACC Nabs Two Officers For Soliciting Bribes To Protect Foreign WorkersBeeworks Games: Mobile Game ‘Everyone’s Mushroom Garden’ Released in English for iOS/Android31 Port Dickson Fishermen Affected By Hotel Construction Receive CompensationStrong Quake Strikes Papua New GuineaBursa Malaysia Ends Lower In Broad-based RetreatBlack and Veatch Survey Shows Sustainable Water Management a Top Priority for Australia’s Mining IndustryAnwar Calls For Direct Flights Connecting Malaysia And RussiaOlon Continues Its Growth Path And Announces A New AcquisitionEBC Financial Group Makes A Mark On LaLiga Stage With FC Barcelona PartnershipLantronix Announces 2024 SmartEdge Channel Partner Program Award WinnersPolice Scrutinising Company Finances Linked To Human Trafficking Case In Myanmar – IGPBrutal Murders Signify A Decline In Human Values – ExpertsMAB Must Prioritise Skilled Workers As Aviation Sector Continues To Grow – LokePM Anwar To Deliver Keynote Address At EEF 2024 Plenary Session In Russia TodaySeven Out Of 10 Malaysians Want Social Media Banned For Children Under 14 – Ipsos SurveyNoor Sherriyana Carves A Path In Male-Dominated CareerMalaysian Financial Planning Day 2024FBM KLCI Futures Higher In Early TradingPM Anwar Describes His Working Visit To Russia As MomentousBursa Malaysia Opens Higher On Bargain HuntingSyamsul Yusof, Ira Kazar Officially DivorcedEx-Computer Technician Makes Successful Venture Into Kelulut FarmingEBC Financial Group Debuts on LaLiga Stage with FC Barcelona PartnershipRinggit Opens Firmer vs Greenback As US Labour Demand DeclinesPM Anwar Visits EEF 2024 Exhibition In Vladivostok, RussiaAmple Opportunities To Expand Trade With Malaysia – Putin
Sun. Sep 8th, 2024

Ringgit Revisits 4.65 Level Vs US Dollar


The ringgit ended the week on a strong note against the US dollar, closing at 4.6550/6605 on Friday versus Thursday’s closing of 4.6600/6625.

The local currency was boosted by rising market expectations of an interest rate cut by the United States (US), in line with the World Interest Rate Probability (WIRP) forecast.

The WIRP tool, used by traders, forecasts a 105.5 per cent probability for the US Federal Reserve (US Fed) to cut the benchmark rate in September.

Bank Muamalat Malaysia Bhd chief economist, Dr Mohd Afzanizam Abdul Rashid said that the US Fed is set to announce its favourite inflation gauge tonight.

‘The US headline and core personal consumption expenditures price index is expected to decrease to 2.4 per cent and 2.5 per cent in June, from 2.6 per cent in May,” he told Bernama.

He noted that the Federal Open Market Committee (FOMC) will meet on Aug 1, adding that the Fed Fund Rate is expected to remain at 5.50 per cent.

Meanwhile, the local note traded firmer against a basket of major cur
rencies.

The ringgit appreciated against the British pound to 5.9901/9971 from 6.0039/0072 at the close on Thursday, increased vis-a-vis the euro to 5.0530/0590 from 5.0570/0597 yesterday, and strengthened versus the Japanese yen to 3.0176/0214 versus 3.0598/0616 previously.

At the same time, the local note traded mixed against ASEAN currencies.

It appreciated against the Indonesian rupiah to 285.5/286.0 from 286.7/287.0 at Thursday’s close and inched up against the Singapore dollar to 3.4641/4684 from 3.4714/4735 yesterday.

However, the local note slid against the Philippines’ peso to 7.97/7.99 from 7.95/7.96 yesterday and fell vis-a-vis the Thai baht to 12.9069/9268 from 12.8875/9005 previously.

Source: BERNAMA News Agency

    • malaysiang

    Related Posts

    Da Nang looks to boosting cooperation with Cuban localities

    Chairman of the Da Nang municipal People’s Committee Le Trung Chinh had a working session with Cuban Ambassador to Vietnam Orlando Hernández Guillén in the central coastal city on September 6.

    Source: Vietnam News Agency

    Continue reading
    Valenzuela gas hub sealed after yielding P3-M unmarked fuel

    Manila: Bureau of Customs (BOC) agents have temporarily sealed off a gas station in Valenzuela City after some of its tanks were found to contain unmarked fuel worth PHP3.1 million.

    In a news release on Friday, Customs Commissioner Bienvenido Rubio s…

    Continue reading