皇冠足球网
热门标签

欧博注册(www.aLLbet8.vip):Factors driving the ringgit

时间:1个月前   阅读:5   评论:3

欧博注册www.aLLbet8.vip)是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

CLICK TO ENLARGE

PETALING JAYA: The ringgit has begun weakening against more currencies in the past weeks, in addition to the widely-reported depreciation against the US dollar and Singapore dollar.

The trend is quite worrying, according to a market observer, considering that some of these currencies belong to Malaysia’s biggest import destinations.

“The country’s import bill may spike, and with Malaysia being highly dependent on food imports, this could further contribute to food inflation,” he told StarBiz.

Malaysia’s food import bill for 2021 was at RM63.6bil.

Meanwhile, food inflation in June, was recorded at 6.1% compared with the headline inflation of 3.4%.

While it is impossible to predict the movement of the currency, there are expectations that the ringgit may face downward pressure as more countries experience a pick-up in economic growth, according to economists.

Between July 15 and Aug 15, the ringgit has weakened against almost all major regional and global currencies.

Food inflation in June, was recorded at 6.1% compared with the headline inflation of 3.4%.

,

足球预测网www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球预测网。

,

Based on Bloomberg data, the ringgit declined by 4.16% against the Japanese yen, Thai baht (3.34%), South Korean won (2.05%)

and Indonesian rupiah (1.92%).

After weakening significantly since March, the ringgit fell further by 1.74% against the Singapore dollar in the July 15 to Aug 15 period.

Against the Philippine peso, it fell by 1.24%, while it weakened marginally by 0.37% and 0.07% against the Hong Kong dollar and the Taiwanese dollar respectively.

The ringgit was flattish against the Chinese yuan, slipping by 0.02% in the one-month period.

The ringgit dropped by 1.91% against the British pound sterling, the euro (1.01%) and the Australian dollar (3.61%).

Against the US dollar, the ringgit fell further by 0.22% after weakening significantly since March.

It is noteworthy that some of the currencies that have strengthened against the ringgit belong to Malaysia’s major import sources.

They include Singapore, the United States, Taiwan, Japan and Europe.

Malaysia University of Science and Technology economics professor Geoffrey Williams said the ringgit’s value is underpinned by solid fundamentals, attractive opportunities for short-term and long-term foreign investors and a “better look and feel” for the economy as a whole.

上一篇:欧博在线注册:Apple warns of flaw that lets hackers into iPhones, Macs

下一篇:股坛老顽童 萧炎坤

网友评论

  • 2022-08-29 01:17:20

    Stock bulls betting the whiff of recession means the worst of the Federal Reserve’s (Fed) rate-hike medicine has been administered drove the S&P 500 to a second day of gains and the highest level in almost two months.这作者妥妥的高材生

  • 2022-10-20 00:56:33

    Organised by the Association of Accredited Advertising Agents Malaysia (4As), the Effies are the only global award that honour achievement in meeting and exceeding marketing communications objectives, focusing on effective campaigns that work in the marketplace.来学文笔了