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最新博彩网址:Ringgit settles flat vs US dollar as inflation fears cloud sentiment

最新博彩网址:Ringgit settles flat vs US dollar as inflation fears cloud sentiment

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KUALA LUMPUR: The ringgit ended flat against the US dollar today amid the possibility of the Federal Reserve (Fed) taking a significant interest rates adjustment to bring rising inflation under control.

At 6 pm, the local currency stood at 4.4660/4685 versus the greenback from Tuesday’s close of 4.4660/4680.

ALSO READ: Factors driving the ringgit

The United States Commerce Department data showed construction of new homes hit 18-month lows in July.

The data pointed out that new residential construction in the US fell 9.6 per cent last month to 1.45 million, suggesting that the real estate market is struggling more than expected, and this could generate further inflation.

A trader said this has further boosted the greenback’s safe-haven appeal ahead of the release of the Fed’s July meeting minutes and US July retail sales data later today that could give further clues about the pace of future interest rate hikes.

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ALSO READ: Tengku Zafrul: Govt's proactive monetary policy ensures stable ringgit, financial market

He said Fed officials have signalled the need for more hikes until inflation is under control.

"At home, market volatility is expected to continue until certainty emerges,” he told Bernama.

Meanwhile, the ringgit was traded mixed against a basket of major currencies today.

It rose against the Singapore dollar at 3.2315/2338 from 3.2346/2365 at Tuesday’s close and higher vis-a-vis the Japanese yen at 3.3126/3147 from 3.3284/3301 previously.

The local unit declined versus the British pound to 5.4048/4078 from 5.3686/3710 yesterday and dipped against the euro at 4.5455/5480 from 4.5258/5279. - Bernama


转载说明:本文转载自Sunbet。
  • usdt官方交易平台(www.usdt8.vip) @回复Ta

    2022-09-07 00:10:54 

    3月10日,白俄罗斯总统卢卡申科在与国防部领导层召开的会议上表示,白俄罗斯不能允许俄罗斯武装力量的后背遭到袭击。他指出,白俄罗斯要确保不能让别人切断俄军的供应路线,防止他人绕到后面,从后方打击俄罗斯军队。(总台记者 朱静)都别潜水了呗

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