{"id":169312,"date":"2023-10-06T12:04:47","date_gmt":"2023-10-06T06:34:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=169312"},"modified":"2023-10-06T12:04:47","modified_gmt":"2023-10-06T06:34:47","slug":"ringgit-expected-to-appreciate-roughly-4-in-2024-mufg-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ringgit-expected-to-appreciate-roughly-4-in-2024-mufg-crypto-news\/","title":{"rendered":"Ringgit expected to appreciate roughly 4% in 2024 \u2013 MUFG &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>The Malaysian Ringgit tracked regional currency losses last month amid the strength of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">US Dollar<\/a>. Economists at MUFG Bank analyze USD\/MYR <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">Ringgit to remain largely range-bound in near term<\/h2>\n<blockquote>\n<p>We expect Ringgit to remain largely range-bound in near term.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>Although a positive correlation with CNY could lend some support to Ringgit, this is unlikely to reverse the depreciation pressure coming from a strong Dollar and high US bond rates.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>We expect a roughly 4% appreciation of Ringgit against the Dollar in 2024, due to reliance in economic activity, improving chips exports, and a weaker USD in medium term.<\/p>\n<\/blockquote>\n<blockquote>\n<p>USD\/MYR \u2013 <strong>Q4 2023<\/strong> 4.65 <strong>Q1 2024<\/strong> 4.60 <strong>Q2 2024<\/strong> 4.55<strong> Q3 2024<\/strong> 4.50<\/p>\n<\/blockquote><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Malaysian Ringgit tracked regional currency losses last month amid the strength of the US Dollar. Economists at MUFG Bank analyze USD\/MYR outlook. Ringgit to remain largely range-bound in near term We expect Ringgit to remain largely range-bound in near term.\u00a0 Although a positive correlation with CNY could lend some support to Ringgit, this [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":169313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,655,252,247,253,249,3346,256,254],"class_list":["post-169312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-malaysia","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdmyr","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=169312"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169312\/revisions"}],"predecessor-version":[{"id":169314,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169312\/revisions\/169314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/169313"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=169312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=169312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=169312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}