KUALA LUMPUR, Sept 28 (Bernama) — The ringgit ended lower against the US dollar on Monday, weighed down by continued hawkish sentiment surrounding US interest rates. At 6 pm, the ringgit dropped to 4.0805/0845 versus the greenback from Friday’s close of 4.0715/0765. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam said hawkish signals from US Federal Reserve (Fed) officials continued to weigh on the foreign exchange market. He said indications from Fed officials, including Philadelphia Fed President Anna Paulson, suggested that further rate increases are ahead. “Against this backdrop, US Treasury yields for the two- and 10-year maturities rose […]

The cryptocurrency market has experienced a significant decline over the past week, and this downward trend has also affected other asset classes, including

Remember those days when the Fed seemed to be dropping hints about rate cuts like breadcrumbs? Well, if you've been following the latest FOMC meeting, you'll know those days are long gone. It feels li...

KUALA LUMPUR, June 18 (Bernama) — Gold futures on Bursa Malaysia Derivatives closed lower on Thursday as a hawkish outlook by the United States Federal Reserve (Fed) boosted the US dollar and weighed on demand for the precious metal. SPI Asset Management managing partner Stephen Innes said the market underwent a sharp hawkish repricing following the latest Federal Open Market Committee (FOMC) meeting as the Fed signalled that a rate hike remained a possibility. “That was enough to lift the US dollar and push gold sharply lower in the immediate aftermath of the meeting,” he told Bernama. Innes said gold […]

Stocks Keep Fighting a Hawkish Fed. Why That Has Worked.  Barron's

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