Array
(
    [_edit_lock] => Array
        (
            [0] => 1738892984:30
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [_thumbnail_id] => Array
        (
            [0] => 246433
        )

    [_edit_last] => Array
        (
            [0] => 30
        )

    [onesignal_meta_box_present] => Array
        (
            [0] => 1
        )

    [onesignal_send_notification] => Array
        (
            [0] => 
        )

    [onesignal_modify_title_and_content] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_heading] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_content] => Array
        (
            [0] => 
        )

    [_post_language] => Array
        (
            [0] => English
        )

    [_molongui_author] => Array
        (
            [0] => guest-97702
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97702
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:1:{s:11:"td_subtitle";s:115:"This is due to dollar being in a ‘sweet spot’, posing a challenge to emerging market currencies, says economist";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 599
        )

    [_yoast_wpseo_focuskw] => Array
        (
            [0] => ringgit
        )

    [_yoast_wpseo_linkdex] => Array
        (
            [0] => 57
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 30
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 2
        )

    [post_views_count] => Array
        (
            [0] => 81
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:3:{s:4:"date";s:10:"1748275724";s:5:"count";i:2;s:14:"per_hour_count";a:1:{i:16;i:2;}}i:1;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:2;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:3;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:4;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:5;a:3:{s:4:"date";s:10:"1748650488";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:0;i:1;}}i:6;a:2:{s:4:"date";i:0;s:5:"count";i:0;}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 5
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1748650488
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 3
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 1
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 1
        )

)
Ringgit slightly stronger against USD, but analyst says could touch RM4.45 today | Scoop
At 8am, the ringgit strengthened to 4.4230/4375 against the greenback compared to yesterday’s close of 4.4320/4385. – Scoop file pic, February 7, 2025
News

Ringgit slightly stronger against USD, but analyst says could touch RM4.45 today

This is due to dollar being in a ‘sweet spot’, posing a challenge to emerging market currencies, says economist

Bernama
Updated
9:49 AM MYT

 

KUALA LUMPUR – The ringgit opened slightly higher against the US dollar at opening trade as the US Federal Reserve (Fed) does not seem inclined to reduce rates in the near term, said an analyst. 

At 8am, the ringgit strengthened to 4.4230/4375 against the greenback compared to yesterday’s close of 4.4320/4385. 

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the US dollar appears to be in a sweet spot now, and this scenario would pose a challenge to emerging market currencies, including the ringgit. 

“As such, the ringgit could flirt near its immediate resistance level of RM4.45 today,” he told Bernama. 

Afzanizam said that a series of Fed speakers have suggested interest rate cuts would need to be carefully crafted given the current US policy on tariff, tax and immigration. 

“Some of them also see that the current Fed Fund Rate is nearing its neutral rate – a rate neither contractionary nor expansionary,” he noted. 

Furthermore, he added that the US Dollar Index (DXY) was seen reaching a high of 108.076 points before settling at 107.696. 

Additionally, the US Treasury Secretary Scott Bessent also reiterated the government’s stance on a strong dollar policy to remain intact, said Afzanizam. 

Meanwhile, the ringgit was traded mixed against other major currencies.   

It was marginally higher against the British pound to 5.5009/5189 from 5.5090/5171 at Thursday’s close. However, it slid vis-a-vis the euro to 4.5933/6083  from 4.5920/5987 yesterday and fell against the Japanese yen to 2.9245/9345 from 2.9036/9080 previously. 

The local note also traded mostly higher versus Asean currencies.   

It inched up against the Thai baht to 13.0912/1462 from 13.1175/1433 at yesterday’s close, appreciated vis-a-vis the Indonesian rupiah to 270.6/271.6 from 271.2/271.7 at Thursday’s close and ticked up against the Philippines’ peso to 7.60/7.63 from 7.62/7.63 previously. 

However, the local note traded slightly lower against the Singapore dollar, edging down to 3.2758/2868 from 3.2742/2793 previously. – February 7, 2025

Topics

 

◉ Popular

Trailer filem pelakon Tamil Vijay raih 1 juta tanda suka dalam 21 minit di YouTube

Dalam satu pencapaian yang luar biasa, trailer filem terbaharu pelakon Tamil Vijay bertajuk Leo telah memecahkan rekod dengan menjadi trailer filem India yang paling pantas mendapat sejuta tanda suka di YouTube

Pembangkang patut semak imbang Kerajaan Perpaduan secara munasabah, ‘laksana tanggungjawab moral anda’: Najwan

Pembangkang dicabar memainkan peranan mereka sebaik mungkin untuk melakukan ‘semak dan imbang’ dengan munasabah dalam situasi kestabilan pentadbiran ditunjukkan Kerajaan Perpaduan ketika ini

Former DBP chief, poet Firdaus Abdullah dies aged 79

Former Dewan Bahasa dan Pustaka (DBP) director-general Datuk Firdaus Abdullah, 79, who was also known as a writer and poet, died today

◉ Related

Copyright © 2023. All rights reserved.