New Straits Times on Nostr: Ringgit ends marginally lower against greenback amid upbeat US data ========== The ...
Ringgit ends marginally lower against greenback amid upbeat US data
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The ringgit weakened to 4.5055/5100 against the US dollar on December 20, 2024, from 4.5030/5080 the previous day; US economic data showed GDP growth revised to 3.1% from 2.8%; initial jobless claims fell by 22,000 to 220,000 for the week ending December 14, 2024; Stephen Innes of SPI Asset Management noted the strong US data led to a stronger dollar and reduced expectations for 2025 rate cuts by the Federal Reserve; the ringgit strengthened against the British pound and euro but weakened against the Japanese yen and several ASEAN currencies.
#Ringgit #UsDollar #Gdp #Employment #StephenInnes #EconomicData #CurrencyExchange #Asean #FinancialNews #Malaysia
https://www.nst.com.my/business/corporate/2024/12/1151038/ringgit-ends-marginally-lower-against-greenback-amid-upbeat-us
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The ringgit weakened to 4.5055/5100 against the US dollar on December 20, 2024, from 4.5030/5080 the previous day; US economic data showed GDP growth revised to 3.1% from 2.8%; initial jobless claims fell by 22,000 to 220,000 for the week ending December 14, 2024; Stephen Innes of SPI Asset Management noted the strong US data led to a stronger dollar and reduced expectations for 2025 rate cuts by the Federal Reserve; the ringgit strengthened against the British pound and euro but weakened against the Japanese yen and several ASEAN currencies.
#Ringgit #UsDollar #Gdp #Employment #StephenInnes #EconomicData #CurrencyExchange #Asean #FinancialNews #Malaysia
https://www.nst.com.my/business/corporate/2024/12/1151038/ringgit-ends-marginally-lower-against-greenback-amid-upbeat-us