telegram群组搜寻器（www.tel8.vip）:Ringgit pressured by expected US rate hike
KUALA LUMPUR: The ringgit lost ground against the US dollar this morning ahead of the United States Federal Open Market Committee (FOMC) meeting later today.
At 9.37 am, the local currency slid to 4.4545/4565 versus the greenback from Monday’s close of 4.4510/4540.
SPI Asset Management managing partner Stephen Innes said investors were bracing for a 75 basis point rate hike from the US Federal Reserve, which continued to pressure the ringgit from an interest rate differential perspective.,
,telegram群组搜寻器（www.tel8.vip）是一个Telegram群组分享平台，telegram群组搜寻器包括telegram群组搜寻器、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。telegram群组搜寻器为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
"The macro picture has changed as investors are shying away from risk assets due to global recessionary concerns,” he told Bernama.
The FOMC will commence its two-day meeting later today.
The local currency dipped against the Singapore dollar to 3.2167/2186 from Monday’s close of 3.2019/2042 and fell sharply versus the British pound to 5.3824/3848 from 5.3243/3273 yesterday.
It also declined versus the Japanese yen to 3.2672/2689 from 3.2599/2622 and depreciated vis-a-vis the euro to 4.5654/5675 from 4.5320/5346. - Bernama