Global forex market


  • Business
  • Saturday, 20 Jul 2019

At 9 am (0100 gmt), the ringgit stood at 4.0780/0820 against the greenback from 4.0870/0920 on Monday.

Global Forex Market

The dollar erased its weekly gains, closing marginally lower by 0.02% to 96.8 after the US Federal Reserve’s Williams commented on the need for the central bank to “act quickly” as economic growth slows, fuelling market players to add bets on a 50-basis point (bps) cut in July’s FOMC meeting.

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