KUALA LUMPUR: The ringgit further strengthened against the US dollar at the close on Thursday following a decline in the US Dollar Index , and despite the United States Federal Reserve likely to perform only a one-time rate cut this year instead of three, said an analyst.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US DXY was below 105 points throughout the day.
"The odds for a rate cut is building up for September and December based on the interest rate futures contract, indicating that the market believes that rate cut will happen twice this year,” he told Bernama.The local unit strengthened versus the Japanese yen to 2.9945/9972 from Wednesday’s close of 2.9977/9995 but slid against the euro to 5.0840/0884 from 5.0711/0738 yesterday, and depreciated vis-a-vis the British pound to 6.0160/0211 from 6.0157/0189 previously.
He taught at MIT, worked at Morgan Stanley, and convinced Bill Ackman and Galaxy to back his RM940mil crypto fund by his early 30s. His future is now in jeopardy
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Entertainment Entertainment Latest News, Entertainment Entertainment Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Datuk granted DNAA in RM4mil money laundering caseAlex Dong, chairman of entertainment group Sunny Side Up Culture, allegedly lent Koo RM5mil on an interest-free basis, with the expectation of repayment within five years.
Source: staronline - 🏆 4. / 75 Read more »
Zii Jia faces Kenta in Australian Open quartersAlex Dong, chairman of entertainment group Sunny Side Up Culture, allegedly lent Koo RM5mil on an interest-free basis, with the expectation of repayment within five years.
Source: staronline - 🏆 4. / 75 Read more »
Ex-director at S’pore College of TCM charged over allegedly taking upskirt picturesAlex Dong, chairman of entertainment group Sunny Side Up Culture, allegedly lent Koo RM5mil on an interest-free basis, with the expectation of repayment within five years.
Source: staronline - 🏆 4. / 75 Read more »
Russian Kazan Muslim Film Festival in Johor promotes cultural exchangeAlex Dong, chairman of entertainment group Sunny Side Up Culture, allegedly lent Koo RM5mil on an interest-free basis, with the expectation of repayment within five years.
Source: staronline - 🏆 4. / 75 Read more »
Fugitive ex-congressmen Teves now under house arrest in Timor LesteAlex Dong, chairman of entertainment group Sunny Side Up Culture, allegedly lent Koo RM5mil on an interest-free basis, with the expectation of repayment within five years.
Source: staronline - 🏆 4. / 75 Read more »
Mothers probed over making of child sexual abuse videos that have gone viral on FacebookAlex Dong, chairman of entertainment group Sunny Side Up Culture, allegedly lent Koo RM5mil on an interest-free basis, with the expectation of repayment within five years.
Source: staronline - 🏆 4. / 75 Read more »