Ringgit continues t卡塔尔世界杯o slide against US dollar

C85AhmvCLWQKB2b

"Markets  世界杯足球 are also cautious about China President Xi Jinping's common-prosperity drive as the 20th CPC Congress raised a new term "to regulate the mechanism of wealth accumulation".
This was due to the continuous l 卡塔尔世界杯 ocal and global economic headwinds, analysts said.
Besides, Innes said, it is not only the ringgit that has weakened. The Japanese yen, one of the strongest currency in the world, breached the 150 line and hit a 32-year low against the US dollar on Thursday.
He said the weaker yen has been a bit of a bellwether for Asia FX, stemming from a competitive trade advantage in the sense where Japan and China are huge competitors in the export market, and a weaker currency is perceived as more advantageous for stimulating external trade.
As at 6pm, the ringgit was traded at 4.7270/7290, which was lower than the 4.7250 level recorded on Jan 7, 1998. At Wednesday's closing, the local note was traded at 4.7180/7220.

SPI Asset Management managing director Stephen Innes said the ringgit extended its downward momentum as the US bond yields soared on the US Federal Reserve's (Fed) hawkish sentiment.
He also said despite the headline that Chinese officials are debating cutting inbound COVID-19 quarantine, there has been little respite for the beleaguered ringgit versus the US dollar.
"The weaker yen is now also creating a massive trade deficit. August's Japan trade deficit of 2.8 trillion yen was the widest going back to 1993.
The local currency also rose against the euro to 4.6244/6264 from 4.6326/6365 on Wednesday and gained vis-a-vis the British pound to 5.2971/29935 from 5.3233/3278 at the close yesterday. - Bernama
It improved versus the Japanese yen to 3.1547/1565 from 3.1611/1642 on Wednesday's closing and edged up against the Singapore dollar to 3.3172/3188 from 3.3176/3207 previously.
"The persistent trade deficit may dampen Japan's economic recovery as rising import costs could slow domestic consumption. I think we are nearing the end of the road for the yen weakness as the Bank of Japan may need to pull away from its ultra-dovish policy,” Innes added.
"But right now, the hawkish Fed is the biggest game in town for foreign exchange (FX) markets, and prov 2022年世界杯魔咒 ided the Federal Open Market Committee (FOMC) has a change of heart, then things could change for the better for the ringgit,” he told Bernama.
KUALA LUMPUR: The ringgit continued to slide against the US dollar, breaching the all-time low that was recorded during the Asian Financial Crisis (AFC) period in 1998.
Meanwhile, the ringgit was higher against a basket of major currencies.
"The continued yen weakness is the biggest headwind to Japan's trade balance, with trade data showing the yen to be 27 per cent weaker than it was a year earlier.

Marshall

I'm not sure I'm going to be able to get a good deal on this, it's really good 世界杯联赛官方平台 news as well.

Jerome

The so-called small population, more resources per capita, on the surface is no problem. But we 世界杯下注官方首页 consume only their own national resources? The country has developed, consuming more resources of other countries, or to earn resources from the hands of others, the population is less, less earned from the hands of others

Berton

It's interesting,世界杯下注 the access to information has indeed always been filtered in the dissemination, according to different interests become ridiculous and bizarre, but we can only do nothing about it!

veronica

I'm going to open your guestbook and let you know I'm coming, 世界杯下注slowly release my blessings, let you feel my presence, let the wind send my heartfelt message, let the message convey my most sincere blessings to you!

Marshall

I think 世界杯下注 like many people who may have been famous but faded away many years ago, shared his joy with others and had no one to tell his sorrow. Ending his lonely and short life, he ran on the clouds to his next habitat.

Jerome

You are right, the article comes from life, so although the language is not very beautiful,世界杯下注 it is real and interesting, and it is written in a sensible way.

Ashbur

What plants can grow on saline land? positive solution, finally found the answer I want to see here 世界杯下注

Zachary

I remember the year before last when the European Cup commentary introduced 世界杯下注 said that many of them have other jobs, what hairdresser dentist and so on, should not be false, just not so exaggerated

Oswald

Acquaintance is the most precious fate, although we 世界杯下注 have not met, come and go in a hurry, but bless each other, may we write colored warm words in the silent world.