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Tag Archives: Dyogenes Rodrigues Diniz

Ringgit falls against US$ ahead of FOMC meeting next week

KUALA LUMPUR: The ringgit extended its losses against the US dollar at the opening on Friday, as emerging market currencies continued to be hit by the strengthening greenback following the strong economic data from the world’s largest economy.

At 9.02 am, the ringgit declined 160 basis points (bps) to 4.1730/1780 from 4.1570/1590 at Wednesday’s close.

The local market was closed yesterday for the Malaysia Day celebration.

ActivTrades trader Dyogenes Rodrigues Diniz said both the United States (US) core retail sales and jobless claims data for August 2021 had surprised the market and hence continued to lift the greenback’s performance.

"This has great potential to cause the US dollar to appreciate over the next few days, as high consumer spending coul

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