EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Saturday, February 4, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife 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

The ringgit’s outlook has improved as a result of fresh optimism following the political breakthrough and Anwar as Prime Minister

by moneycompass
November 25, 2022
in Current News
Share on FacebookShare on WhatsApp

Kuala Lumpur, November 25 – The optimism of the new unity administration and its soon-to-be-announced cabinet makeup will continue to affect the ringgit’s path over the coming week.

 

According to Kenanga Investment Bank Bhd, this would also be encouraged by the optimism of China’s fresh stimulus measures and less hawkish Fed minutes.

Nonetheless, the research group added that the US Dollar Index Chart (DXY) may continue to hang around the 106 level because of fading dovish pivot expectations and global recession worries. The ringgit gained almost 1.3% week-on-week (WoW) against the US dollar on November 24 as the DXY fell below the 106 level, boosted by indications from the Federal Open Market Committee (FOMC) minutes.

 

Furthermore, the ringgit was bolstered by prospects of Chinese stimulus and confidence from the breaking of the post-15th General Elections (GE15) gridlock with the selection of Datuk Seri Anwar Ibrahim as Malaysia’s 10th Prime Minister, according to Kenanga.

 

Read more : Money Compass

Tags: EconomyFinanceRinggitSME
ShareSendShareSendTweetShare
Previous Post

Black Friday: TORRAS Launched Next-gen 4 on 1 UPRO Ostand Case

Next Post

Maybank Lowers Financing Threshold to Expand SME Digital Financing Access

Related Posts

SAP Concure, SAP Asia Pacific Japan
Current News

SAP Announces New Regional Strategic Services Partner Initiative

02 Feb 2023
Avanade
Current News

Avanade recognised as a Top Employer 2023 in Malaysia and Singapore

17 Jan 2023
FedEx, Managing Director of FedEx Express Malaysia, Tien Long woon
Current News

FedEx Highlights Growth Opportunities for Businesses through Regional Comprehensive Economic Partnership

13 Jan 2023

Discussion about this post

MOST POPULAR

  • Four teams of young Malaysian entrepreneurs finalists in worldwide competition

    0 shares
    Share 0 Tweet 0
  • SDS Group Expanding to Central and Northern Region of Peninsular Malaysia After Listing

    2 shares
    Share 2 Tweet 0
  • Top 100 SMEs Defy Economic Headwinds to Post Triple-Digit Growth

    0 shares
    Share 0 Tweet 0
  • FORTUNE RELEASES ANNUAL FORTUNE GLOBAL 500 LIST

    0 shares
    Share 0 Tweet 0
  • Malaysian ringgit ranked as cheapest currency in region

    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