[ SYDNEY: Australian consumer price inflation slowed less than expected in the first quarter as service cost pressures stayed stubbornly high, a disappointing result for policymakers that led markets to abandon hopes for any rate cuts this year. The Australian dollar duly jumped 0.6% to $0.6522, while three-year bond futures tumbled 15 ticks to 96.00, … Read more
[ KUALA LUMPUR: The ringgit opened slightly lower against the US dollar ahead of the release of February’s Consumer Price Index (CPI) print. At 9.05 am, the ringgit eased to 4.7390/7430 against the greenback from Friday’s close of 4.7340/7390. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that consensus estimates … Read more
[ New Delhi: Factory output grew 2.4% in November, the slowest pace of expansion in last eight months, while retail inflation rose to a four-month high of 5.7% in December 2023 on the back of a spurt in food prices, according to a set of government data released on Friday.The retail inflation, based on Consumer … Read more
[ KUALA LUMPUR: The ringgit extended yesterday’s losses to close lower against the US dollar on Friday as positive US consumer price index (CPI) data prompted some investors to return to the safe havens, dealers said. At 6 pm, the ringgit eased to 4.6455/6500 versus the greenback from Thursday’s close of 4.6425/6455. Bank Muamalat Malaysia … Read more
[ BEIJING: China’s consumer prices extended their decline for a third month in December while factory-gate prices also fell, highlighting persistent deflationary pressures in an economy struggling to mount a solid recovery. The consumer price index (CPI) shed 0.3% in December from a year earlier, and was up 0.1% month-on-month, data from the National Bureau … Read more
[ KUALA LUMPUR: The continued optimism about positive US inflation numbers boosts sentiment, enabling the ringgit to open higher on Thursday. At 9.01 am, the ringgit appreciated to 4.6360/6410 versus the greenback from Wednesday’s close of 4.6400/6440. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid observed that the average US gasoline prices … Read more
[ KUALA LUMPUR: The ringgit retreated in early trade Wednesday as the US dollar continues to gain traction while the markets await the US Consumer Price Index (CPI) print which will be announced on Thursday. At 9.01 am, the ringgit depreciated to 4.6495/6565 versus the greenback from Tuesday’s close of 4.6405/6445. Bank Muamalat Malaysia Bhd … Read more
[ KUALA LUMPUR: The ringgit got an early Christmas gift and bounced against the US dollar on Friday as a downward revision of third-quarter US economic growth and Malaysia’s lowest inflation rate in almost three years lifted the local note. The jump against the greenback also came ahead of important US inflation data later tonight, … Read more
