热门标签

ug环球360:Ringgit falls 290bps against greenback at open on anxiety over hung parliament

时间:1周前   阅读:4

ug环球360www.ugbet.us)开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。

KUALA LUMPUR: The ringgit slipped further against the US dollar this morning, extending last week’s downtrend, as the first-ever hung parliament outcome in Malaysia from the 15th General Election (GE15) held last Saturday shook investor confidence, an analyst said.

At 9 am, the local note slid 290 basis points (bps) to 4.5780/5880 against the US dollar from Thursday’s close of 4.5490/5565.

The market was closed last Friday to enable voters to cast vote in GE15.

However, SPI Asset Management managing director Stephen Innes reckons that the market would take the general election results in stride given that the hung government was expected.

"So expect more political horse-trading and compromise in such a setting, which could provide checks and balances, with the focus on the formation of the next government.

"However, from the market's perspective, the GE15 results may fail to ease concerns over the recent phase of political instability, which had been hanging as a dark cloud over Malaysian capital markets,” he told Bernama.

,

欧博手机版下载www.aLLbet8.vip)是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

,

GE15, the most intense general election the country had ever faced, has ended in a hung parliament with no party securing a clear majority to form a new federal government.

Innes noted that investors have been shrugging off the hawkish US Federal Reserve interest rate hike decisions and peering down the China reopening-looking lens, which should be favourable for local capital markets.

"Also, any weakness in the US Dollar Index (DXY) should encourage exporters to pare down their accumulated US dollar holdings and be a driver of the ringgit’s strength,” he added.

Ambank Research said that the focus of the week would be on the US Federal Open Market Committee (FOMC) minutes that should provide a clearer picture of the interest rates outlook.

"Therefore, we expect the ringgit to trade between our support level of 4.550 and 4.560 while resistance is pinned at 4.600 and 4.610,” it said.

Meanwhile, the ringgit traded lower against a basket of major currencies.

It fell versus the Singapore dollar to 3.3280/3358 from 3.3091/3150 at Thursday’s close, depreciated against the euro to 4.7222/7325 from 4.7146/7224, eased vis-a-vis the Japanese yen to 3.2628/2701 from 3.2581/2637 and down versus the British pound to 5.4323/4441 from 5.4069/4159 previously. - Bernama


转载说明:本文转载自Sunbet。,

单双哈希www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏。

上一篇:Telegram获取用户ID(www.tel8.vip):华新丽华大楼跻身4千俱乐部 信义顶办九大天王成形

下一篇:皇冠官方app(www.hg108.vip):掘金日报 | 新冠药概念持续走强,另一大板块也受机构青睐!

网友评论