EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Wednesday, November 29, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm asncommerce mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

Kenanga: The Fed’s massive interest rate rise may continue to put pressure on the ringgit

by moneycompass
November 9, 2022
in Global Market News, News
Share on FacebookShare on WhatsApp

KUALA LUMPUR, 9 November 2022 – The ringgit strengthened against the US dollar for the first time in nine weeks, owing to a drop in the USD index (DXY) on negative US consumer confidence readings and lower housing prices.

According to a report issued today by Kenanga Investment Bank Bhd, the DXY was also pressured lower by a rebound in the British pound (GBP) as a result of the selection of Rishi Sunak as Prime Minister of the United Kingdom.

“However, the local note remained under pressure from the yuan’s weakening and the US’s better-than-expected third quarter (Q3) 2022 GDP,” Kenanga said.

The firm further added that, despite predictions of a 75 basis point (bps) rate increase from the Bank of England, the ringgit may decline as a result of the Fed’s ongoing supersized interest rate hike and the Bank of Japan’s ultra-loose monetary policy.

 

ShareSendShareSendTweetShare
Previous Post

The ringgit opens higher on the prospect of China reopening, as markets rallied

Next Post

As the Winner of ICQCC Awards for Five Consecutive Year, Chery Provides Vehicle Service for Media, Shining Qatar with Excellent Quality

Related Posts

News

Databourg Completes Seed Round Financing with Investment from Asian Development Bank (ADB) Ventures

29 Nov 2023
News

Breaking Boundaries: Crescendo Lab Elevates Conversational Marketing by Meta Expansion and BigQuery Data Solution

29 Nov 2023
News

South Korean Oil-less Bearing Specialist SGO to Exhibit New Products at PLASTIVISION 2023 and EXCON 2023

29 Nov 2023

Discussion about this post

MOST POPULAR

  • India Will See a Substantial Growth in Residential Rooftop Solar, and Utility-Scale PV Power Projects Will Seek More Efficient Products

    0 shares
    Share 0 Tweet 0
  • Sungrow Unveils EMS3000 Energy Management System Solution During All Energy Australia 2023

    0 shares
    Share 0 Tweet 0
  • ASEAN Sustainable Energy Week Thailand 2023: Sungrow’s One-Stop Energy Solution Lights Up The Emerging C&I Solar Market in Southeast Asia

    0 shares
    Share 0 Tweet 0
  • Sungrow Forges a Contract with Samsung C&T to Supply MV-integrated Inverter Solutions to an 814 MWac Project in Qatar

    0 shares
    Share 0 Tweet 0
  • Sungrow Donates to Thailand’s Chulalongkorn University to Assist in the Development of Local Renewable Energy Talents

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER