Will Ringgit Drop After Election

KUALA LUMPUR April 30 Xinhua -- Malaysian ringgit which has gained 31 percent against the US. Malaysia shouldnt intervene after ringgit drop.

Malaysian Ringgit At Lowest Since Asia Financial Crisis The Peninsula Qatar

At 913am the benchmark FTSE Bursa Malaysia KLCI gains 138 points to 155879 from 155741 at yesterdays close.

Will ringgit drop after election. CIMB Group Holdings Bhds shares slumped as much as 6 set for the biggest intraday loss since March 2020 after the Malaysian bank posted a credit loss of 2809 million ringgit 67 million. KUALA LUMPUR Bursa Malaysia opened lower but turned higher thereafter as Wall Street staged a relief rally as crude oil declined amid a. Sergei Strigo head of emerging market debt and currency at Amundi Asset Management in London says the company remains positive on the ringgit following the.

The ringgit strengthened vis-a-vis the British pound to 538063866 from 542864434 a week earlier and traded firmer against the euro at 484708529 from 491539288 previously. A week loaded with event risk may result in some intense price action for ASEAN bloc currencies. The increase in oil prices came after a global agreement to.

Malaysias currency has been among the hardest hit in the markets Trump tantrum after the surprise US. Dollar year-to-date is expected to weaken by an average of 73 percent post-election this year said a Malaysian research house Monday. As such it is all about the timing and this could lead to further uncertainties as the US heads for the Presidential Elections on November 3.

The ringgit rose against the Singapore dollar to 308440870 from 308930920 a week earlier and depreciated against the euro to 477717805 from 477137747 previously. The ringgit MYR is expected to strengthen post-GE14 14th Malaysian general election mainly due to a lower base effect as well as stronger economic conditions according to UOB Global Economics Markets Research. While political parties often raise more during.

KUALA LUMPUR Jan 8. The market was closed on Thursday for the Maulidur Rasul public holiday. USDMYR steady at 38900.

The ringgit is still poised to perform well towards the end of the year as international investors are seeing encouraging post-election developments according to market observers. Now theyre on guard for a possible snap election. Global bond funds correctly predicted Malaysias latest rating-outlook downgrade.

In that sense the ringgit versus dollar could trade in a narrow range today. KUALA LUMPUR March 3. The Malaysian Ringgit looks to a general election while the Philippine Peso to an expected rate hike.

Former Malaysian prime minister Najib Razak who was convicted of corruption told Reuters on Sunday that he. Two former prime ministers Tan Sri Muhyiddin Yassin and Tun Dr Mahathir Mohamad have been served letters of demand by Umno. Risk looms for ringgit bonds after rating outlook cut.

The Vibes file pic March 16 2022. The ringgit fell for a sixth straight day after the nations industrial production data disappointed last Friday. Stocks on the local bourse were unaffected by the poll result with the FBM KLCI in the red amid weak global cues.

We still like the Indonesia story and we dont feel what happened in the last three or four weeks since the USelections fundamentally. The ringgit rebounded against the US dollar on Thursday morning March 3 buoyed by buying interest and supported by firmer oil prices analysts saidAt 9am the local note stood at 418901930 versus the greenback compared with 419351955 at Wednesdays close. OTTAWA - Elections Canada figures show donations dried up for the Bloc Québécois more than other federal parties after the election in September.

Bursa opens lower but turns higher ringgit up. KUALA LUMPURSINGAPORE July 3. 649 of Malaysian adults have received Covid-19 booster doses.

Ringgit has dropped 07 this month with market being cautious ahead of the May 9 elections Subscribe to Mid-day email alert We deliver news to your inbox daily. SINGAPORE The Malaysian Ringgit fell to an all-time low against the Singapore dollar on Friday Nov 25 with S1 trading at RM31317 at. Mahathir Mohamad was sworn in as Malaysias seventh prime minister on Thursday after a stunning election comeback defeating the coalition that has ruled the nation for six decades since.

The ringgit shed roughly 04. Zahid demands apologies from Muhyiddin and Dr M. A months-long feud between former premier Mahathir Mohamad and his successor Muhyiddin Yassin is coming to a head with a.

We can never predict the global market with absolute certainty as we have no control over the myriads of complex highly dynamic factors governing it. CovidNow Mens doubles Goh Sze Fze-Nur Izzuddin in German Open finals after beating Chinas He Ji Ting-Zhou Hao Dong 21-12 21-18 National gymnast Farah Ann Abdul Hadi announces retirement from competitive gymnastics Johor polls. Afzanizam noted that Pelosi had indicated that the fiscal stimulus bill could be passed after the elections.

The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange fell 24 to 5318 ringgit per tonne in early trading adding to the 311 drop in the last two. The MYR may depreciate may rise or may just hold steady against the USD as it is now. It eased against the Japanese yen to 373167346 from 371317160 a week before but strengthened vis-a-vis the British pound to 561826222 from 564036443 previously.

Answer 1 of 3. EC reports 46 voter turnout as at 3pm. In a macro note today United Overseas Bank Malaysia Bhds economist Julia Goh noted the strengthening of the.

Thats prompted calls within the party for the general election to be brought forward to capitalise on the momentum. The Malaysian ringgit faces pressure after a surprise election victory for the opposition that put the south-east Asian country in what credit rating agency Moodys described as uncharted.

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