Tag: US Monetary Policy
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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…