By Harizah Hanim Mohamed<\/p>\n\n\n\n
KUALA LUMPUR, July 18 (NNN-Bernama) — Malaysian ringgit bounced back to open marginally higher against the US dollar today, as more investors weighed on a possible interest rate hike by the Federal Open Market Committee next week, a dealer said.<\/p>\n\n\n\n
At 9.08 am, the local currency improved to 4.4440\/4490 versus the greenback from last Friday’s close of 4.4480\/4505.<\/p>\n\n\n\n
SPI Asset Management managing partner Stephen Innes said upward pressure on the local currency eased after a University of Michigan survey revealed that inflation expectations in July had eased following the lower US interest rates at the moment.<\/p>\n\n\n\n
\u201cHowever, I remain cautious on the eurozone and the possibility of a recession, which would in turn support the US dollar globally as it is a safe haven,\u201d he told Bernama.<\/p>\n\n\n\n
The ringgit was traded easier against a basket of major currencies.<\/p>\n\n\n\n
The local currency eased against the Singapore dollar to 3.1806\/1847 from 3.1688\/1710 last Friday and weakened versus the Japanese yen to 3.2161\/2199 from 3.2048\/20699 previously.<\/p>\n\n\n\n
It also fell vis-a-vis the British pound to 5.2835\/2894 from 5.2629\/2658 on Friday and decreased against the euro to 4.4867\/4917 from 4.4662\/4687.<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
By Harizah Hanim Mohamed KUALA LUMPUR, July 18 (NNN-Bernama) — Malaysian ringgit bounced back to open marginally higher against the US dollar today, as more investors weighed on a possible interest rate hike by the Federal Open Market Committee next week, a dealer said. At 9.08 am, the local currency improved to 4.4440\/4490 versus the […]<\/p>\n","protected":false},"author":30,"featured_media":147241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/183990"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=183990"}],"version-history":[{"count":1,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/183990\/revisions"}],"predecessor-version":[{"id":183991,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/183990\/revisions\/183991"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/147241"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=183990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=183990"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=183990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}