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Usdt第三方支付:Ringgit ends lower on profit-taking ahead of GE

admin2022-11-201皇冠体育

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KUALA LUMPUR: The ringgit retreated against the US dollar on Thursday on profit-taking ahead of the 15th General Election (GE15) this Saturday, with global uncertainties further weighing on sentiment, a dealer said.

At 6 pm, the local note slipped to 4.5490/5565 versus the greenback from Wednesday’s close of 4.5400/5485.

SPI Asset Management managing director Stephen Innes noted that Asian stocks declined after China's central bank flagged the possibility of rising inflation, adding to the risk-off sentiment spurred by hawkish remarks from US Federal Reserve (Fed) officials.

The combination of risk-off sentiment in Asia and a hawkish Fed weighed on the ringgit as traders turned to profit-taking mode ahead of GE15.

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"However, I expect China’s reopening enthusiasm to be a significant driver of the Malaysian market sentiment,” he told Bernama.

The ringgit was traded mostly higher against a basket of major currencies.

It increased against the Singapore dollar to 3.3091/3150 from 3.3185/3252 yesterday, depreciated vis-a-vis the British pound to 5.4069/4159 from 5.4017/4118 and rose against the euro to 4.7146/7224 from 4.7311/7400 on Wednesday.

It fell versus the Japanese yen to 3.2581/2637 from 3.2561/2624 at yesterday’s close.

The market will be closed on Friday as Nov 18 and 19 have been declared public holidays to enable voters to vote in GE15. - Bernama


转载说明:本文转载自Sunbet。,

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