Ringgit hovers near 10-month low before CPI report
KUALA LUMPUR (Sept 19): Ringgit trades near a 10-month low before a report that’s expected to show inflation growth eased further last month.
* USD/MYR steady at 4.1430; reached 4.1535 last week, highest since November
** Support 4.0900, 4.0847, 4.0413; resistance 4.1535, 4.1645, 4.2437
* Near-term key level for USD/MYR remains at 4.15 as the ringgit maintains a gradual descent against the greenback in line with regional FX, says Mingze Wu, FX trader at INTL FCStone Global Payments in Singapore
WASHINGTON (Dec 12): President Donald Trump said on Tuesday it would be a mistake if the Federal Reserve raises interest rates when it meets next week, as it is expected to do, continuing his criticism of the U.S. central bank.
“I think that would be foolish, but what can I say?” Trump told Reuters in an interview.
Trump said he needed the flexibility of lower interest rates to support the broader U.S. economy as he fights a growing trade battle against China, and potentially other countries.
An online petition was circulated to ban the Shopee’s 12.12 Birthday Sale commercial that is deemed too vulgar for Indonesia Shopee was under fire this past week due to the petition circulated in social media in Indonesia that asked for its birthday sale commercial to be taken down. The commercial that features KPop star Blackpink […]
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