Ringgit Expected to Strengthen in 2024, Analysts Say on Nostr: Bank Negara Malaysia Defends Ringgit's Assessment Against US Dollar =============== ...
Bank Negara Malaysia Defends Ringgit's Assessment Against US Dollar
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#e283bda6 ver:0.29
Bank Negara Malaysia defends the assessment of the Malaysian ringgit against the US dollar, highlighting its strength against other currencies. The central bank is intervening to preserve stability and working with GLICs, GLCs, and exporters to manage foreign currency balances. The ringgit's positive outlook is supported by strong fundamentals and positive investor sentiment. Analysts predict further improvement in 2024, with the US Federal Reserve likely easing rates. The ringgit is undervalued and could strengthen if the Fed cuts rates. The Malaysian financial markets have been resilient, but uncertainties remain. Ongoing efforts and assurance from BNM provide a positive outlook for the ringgit. #Malaysia #Ringgit #Currency #Economy...
#newstr #Ringgit #UsDollar #BankNegaraMalaysia #CurrencyAssessment #MalaysianEconomy
https://here.news/story/e283bda6?ver=0.29
===============
#e283bda6 ver:0.29
Bank Negara Malaysia defends the assessment of the Malaysian ringgit against the US dollar, highlighting its strength against other currencies. The central bank is intervening to preserve stability and working with GLICs, GLCs, and exporters to manage foreign currency balances. The ringgit's positive outlook is supported by strong fundamentals and positive investor sentiment. Analysts predict further improvement in 2024, with the US Federal Reserve likely easing rates. The ringgit is undervalued and could strengthen if the Fed cuts rates. The Malaysian financial markets have been resilient, but uncertainties remain. Ongoing efforts and assurance from BNM provide a positive outlook for the ringgit. #Malaysia #Ringgit #Currency #Economy...
#newstr #Ringgit #UsDollar #BankNegaraMalaysia #CurrencyAssessment #MalaysianEconomy
https://here.news/story/e283bda6?ver=0.29