{"id":118672,"date":"2024-12-05T19:30:13","date_gmt":"2024-12-05T19:30:13","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=118672"},"modified":"2024-12-10T12:45:05","modified_gmt":"2024-12-10T12:45:05","slug":"109381-usd-myr-malaysian-ringgit-reaches-its-highest-level-in-3-5-years","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/109381-usd-myr-malaysian-ringgit-reaches-its-highest-level-in-3-5-years\/","title":{"rendered":"USD\/MYR: Malaysian Ringgit reaches its highest level in 3.5 years"},"content":{"rendered":"<ul>\n<li><strong>Malaysia Ringgit (MYR) rises for a second day<\/strong><\/li>\n<li><strong>The South Korean Won stabilises<\/strong><\/li>\n<li><strong>US Dollar (USD) falls against major peers<\/strong><\/li>\n<li><strong>US jobs data was weaker than expected<\/strong><\/li>\n<\/ul>\n<p>The US dollar-Malaysian ringgit (USD\/MYR) exchange rate is falling for a second straight day. The pair fell 0.38% in the previous session, settling on Wednesday at 4.4500. At 19:00 UTC, USD\/MYR trades -0.56% at 4.4275 and is in a range of 4.4130 to 4.4525<\/p>\n<p>The Malaysian Ringgit led Asian currencies higher on Thursday, along with the Indonesian Rupiah, as the South Korean won stabilized following the short-lived martial law earlier in the week. The won had fallen to a 2-yeaar low after President Yoon Suk Yeol\u2019s failed attempt to impose martial law.<\/p>\n<p>The Malaysian Ringgit is rising for a second straight day, reaching its highest level since November 12. The gains come amid a weaker USD and expectations that the Bank Negara will maintain a steady monetary policy over the coming year.<\/p>\n<p>The US Dollar is rising across the board. The US Dollar Index, which measures the greenback versus a basket of major currencies, trades at 100.49 at the time of writing, up 0.07% after four straight weeks of losses.<\/p>\n<p>The USD is falling against its peers for a third straight day as investors digest the latest jobs data and look ahead to tomorrow\u2019s non-farm payroll report.<\/p>\n<p>US jobless claims rose to a 6-week high, at 224k, up from 215k in the previous week, and reversing a recent slide. Meanwhile, the November Challenger Job Cuts reports also showed an increase in layoffs to 57,727, up from October\u2019s 55,597.<\/p>\n<p>The data comes ahead of tomorrow\u2019s non-farm payroll, which is expected to show that 200k jobs were added in November after just 12k were added in October owing to strikes and hurricanes.<\/p>\n<p>Yesterday, Federal Reserve Chair Jerome Powell noted the US economy was stronger than expected and signaled to a slow pace of rate cuts. However, he didn\u2019t shy away from a December cut. The market is pricing in a 70% of a 25 basis point cut in December.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia Ringgit (MYR) rises for a second day The South Korean Won stabilises US Dollar (USD) falls against major peers US jobs data was weaker than expected The US dollar-Malaysian ringgit (USD\/MYR) exchange rate is falling for a second straight day. The pair fell 0.38% in the previous session, settling on Wednesday at 4.4500. At [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[3718,1398,3282],"class_list":{"0":"post-118672","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usd","8":"tag-myr","9":"tag-usd","10":"tag-usd-myr"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/MYR: Malaysian Ringgit reaches its highest level in 3.5 years - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/109381-usd-myr-malaysian-ringgit-reaches-its-highest-level-in-3-5-years\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109381-usd-myr-malaysian-ringgit-reaches-its-highest-level-in-3-5-years\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109381-usd-myr-malaysian-ringgit-reaches-its-highest-level-in-3-5-years\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/MYR: Malaysian Ringgit reaches its highest level in 3.5 years\",\"datePublished\":\"2024-12-05T19:30:13+00:00\",\"dateModified\":\"2024-12-10T12:45:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109381-usd-myr-malaysian-ringgit-reaches-its-highest-level-in-3-5-years\\\/\"},\"wordCount\":350,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109381-usd-myr-malaysian-ringgit-reaches-its-highest-level-in-3-5-years\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100955-gbp-usd-dollar-weakens-US-GDP-high.jpg\",\"keywords\":[\"myr\",\"usd\",\"usd\\\/myr\"],\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109381-usd-myr-malaysian-ringgit-reaches-its-highest-level-in-3-5-years\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/109381-usd-myr-malaysian-ringgit-reaches-its-highest-level-in-3-5-years\\\/\",\"name\":\"USD\\\/MYR: Malaysian Ringgit reaches its highest level in 3.5 years - 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