Treasury Pulse

  • Business Premium
  • Saturday, 05 May 2012

Global foreign exchange market

THE week started off risk-on, following the weak US gross domestic product (GDP) figures of 2.2% for the first quarter, compared with 3% in the preceding quarter. This gave affirmation to the market that US monetary policy will need to accommodative and boosted the ringgit to sub-3.030 levels again this week.

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