Carian mengenai topik US Dollar

US Federal Reserve chair Jerome Powell said the central bank will not wait until inflation hits two per cent to cut interest rates.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the local note is overbought following last week's gain.

The ringgit extended its gains to open firmer against the US dollar on Friday, driven by the growing prospect of an interest rate cut.

The ringgit would maintain its tight range against the greenback at around RM4.71 today, said Dr Mohd Afzanizam Abdul Rashid.

Experts estimate that the implementation of the ASEAN Digital Economy Framwork Agreement (DEFA) could unlock at least a trillion US dollars for the ASEAN region by 2030.

The ringgit opened higher against the US dollar today as cautious global economic sentiment prompted some investors to shift towards emerging currencies, including the ringgit, a dealer said.

The ringgit was mostly higher against its ASEAN peers but depreciated vis-a-vis the Singapore dollar.

The ringgit closed lower against the US dollar today, extending its downtrend from yesterday's closing due to higher demand for greenback.

At 9 am, the ringgit eased versus the greenback to 4.7310/7350.

A chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to move in a narrow range today.

Local market players await the release of Bank Negara Malaysia's OPR announcement later today.

The ringgit opened slightly higher on Tuesday, driven by mild demand for the domestic note and the weakening of the greenback.

The ringgit slipped further against the US dollar when the market opened today, as positive US economic data points continued to support the greenback.

The ringgit has appreciated by approximately 1.8 per cent against the US dollar, BNM governor Datuk Abdul Rasheed Ghaffour.

Dr Mohd Afzanizam Abdul Rashid said the US dollar Index eased by 0.08 pct to 103.99 after the release of FOMC meeting outcome last night.