Tag: ringgit
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Ringgit Edges Lower as DXY Strength Lifts US Policy Hopes
Rising DXY and US Policy Repricing Weigh on Ringgit Opening The ringgit opened marginally lower against the US dollar on Monday as a stronger U.S. Dollar Index (DXY) pressured the local currency. Dealers cited market expectations that the Federal Reserve might recalibrate its policy stance following softer U.S. jobs data released in the prior session.…
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Ringgit Edges Lower as Security of US Policy Repricing Lifts DXY
Ringgit Starts Week on Soft Note as DXY Strengthens The Malaysian ringgit opened the trading week slightly weaker against the US dollar, pressured by a firmer US Dollar Index (DXY) as markets recalibrate expectations for the pace and scope of United States monetary policy in light of softer jobs data. Traders said the move reflects…
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Ringgit slips as US policy repricing lifts DXY
Ringgit Opens Slightly Lower Amid Stronger DXY and Policy Repricing The Malaysian ringgit opened marginally lower on Monday, pressured by a firmer US Dollar Index (DXY) as markets repriced United States monetary policy following softer jobs data. Traders said the initial moves reflected a cautious posture ahead of more substantive cues from the Federal Reserve…
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Ringgit-Backed Stablecoins: Is RMJDT Popping the Southeast Asia Adoption Bubble?
RMJDT and the Southeast Asia Stablecoin Wave The launch of a ringgit-backed stablecoin—RMJDT—by a private company chaired and owned by Johor Regent Tunku Ismail Sultan Ibrahim has rekindled discussion about how currency-backed tokens are gaining traction across Southeast Asia. While this marks a notable milestone, observers say it is one data point in a rapidly…
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Will the Ringgit-Backed RMJDT Spark Southeast Asia’s Stablecoin Rise?
Overview: RMJDT and the Southeast Asia Stablecoin Context The recent introduction of RMJDT, a ringgit-backed stablecoin issued by a private company chaired by Johor’s royal figure Tunku Ismail Sultan Ibrahim, has reignited debates about the role of currency-pegged tokens in Southeast Asia. As governments and financial institutions increasingly explore digital currencies and tokenized assets, RMJDT…
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Ringgit-Backed Stablecoins: Is RMJDT a Turning Point for Southeast Asia’s Crypto Adoption
What RMJDT Represents in the Malaysian Crypto Landscape The recent launch of a ringgit-backed stablecoin, RMJDT, by a private company chaired and owned by Johor’s royal figure Tunku Ismail Sultan Ibrahim, signals a notable milestone in Malaysia’s evolving relationship with digital currencies. Stablecoins anchored to local currencies are designed to reduce volatility, offering traders and…
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Singaporean Joke: Easing Off as Ringgit Strengthens Against Singapore Dollar
Context: A Light Moment Amid Currency Movements The political rumor mill and online chatter in Southeast Asia sometimes intersect with currency shifts. Recently, a Singaporean politician reportedly told Malaysian Prime Minister Anwar Ibrahim to “lepak (chill) a bit” in response to the Malaysian ringgit strengthening against the Singapore dollar. While the exchange rate is a…
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Singaporean Politician Tells Anwar to Lepak as Ringgit Strengthens
Introduction: A Light Moment Amid Currency Movements The currency market has been volatile in recent weeks, with the ringgit showing notable strength against the Singapore dollar. In a surprising but light-hearted moment, a Singaporean politician took to social media to tell Malaysian Prime Minister Anwar Ibrahim to “lepak” — a Malay slang term meaning to…
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Ringgit Drops as US Dollar Firmness Gathers Ahead of US Non-Farm Payrolls
Ringgit Weakens Ahead of Key US Jobs Data The ringgit opened lower against the US dollar on a morning that saw the US Dollar Index (DXY) showing resilience. Traders and investors are positioning ahead of tonight’s highly anticipated US non-farm payrolls (NFP) release, which is expected to provide fresh clues on the strength of the…
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Ringgit slips as US dollar firms ahead of payrolls data
Ringgit slips as US dollar firms ahead of payrolls data The Malaysian ringgit opened lower against the US dollar this morning, extending losses as traders brace for the key US non-farm payrolls (NFP) report. The local currency traded at 4.0650/0750 per greenback at 8 am local time, modestly weaker than the prior session, reflecting the…