Ringgit extends uptrend against US dollar on lower unemployment data

The ringgit extended its uptrend versus the US dollar by opening higher on 12th January morning , as demand for the local note improved, after the just-released November 2022 unemployment data painted a positive economic outlook, an analyst said.

在刚刚发布的 2022 年 11 月失业数据描绘了积极的经济前景之后，由于对本地纸币的需求有所改善，令吉兑美元汇率在1 月 12 日上午开盘走高，延续了升势，一位分析师表示。 

At 9am, the local note had risen to 4.3630/3680 against the greenback, from 11th January’s close at 4.3700/3725.

上午 9 点，本币兑美元汇率从1月11日收盘价 4.3700/3725 升至 4.3630/3680。

According to the Department of Statistics Malaysia, the country’s unemployment rate showed a downward trend, with 600,900 persons unemployed in November 2022, compared with 602,000 in October 2022.

根据马来西亚统计局的数据，该国的失业率呈下降趋势，2022 年 11 月有 600,900 人失业，而 2022 年 10 月为 602,000 人。

The department also said on 11th January  that Malaysia’s wholesale and retail trade sales expanded 13.9% year-on-year (y-o-y) to RM133.9 billion in November, mainly boosted by growth in the retail trade sub-sector.

该部门1月11日还表示，马来西亚 11 月份的批发和零售贸易销售额同比增长 13.9% 至 1339 亿令吉，这主要受到零售贸易子行业增长的推动。

The manufacturing sector also continued its double-digit growth to record RM159.2 billion in sales in November, an increase of 11.8% y-o-y.

制造业也继续保持两位数的增长，11 月份的销售额达到 1592 亿令吉，同比增长 11.8%。

Meanwhile, the industrial production index rose by 4.8% in November against 4.6% in the preceding month, supported by an expansion in the mining, manufacturing and electricity sectors.

与此同时，在采矿、制造和电力行业扩张的支持下，11 月份工业生产指数从上月的 4.6% 上涨 4.8%。 

“We are heading towards better economic growth overall post pandemic. The improvement in these economic sectors has increased investors’ confidence regarding our future economic growth,” the analyst told Bernama.

“在大流行之后，我们正朝着更好的整体经济增长迈进。这些经济部门的改善增加了投资者对我们未来经济增长的信心，“分析师告诉马新社。 

On external factors, ActivTrades trader Dyogenes Rodrigues Diniz said investor sentiment turned cautious ahead of the release of US consumer price index (CPI) data.

关于外部因素，ActivTrades 交易员 Dyogenes Rodrigues Diniz 表示，在美国消费者价格指数 (CPI) 数据发布之前，投资者情绪变得谨慎。

The CPI measures variations in prices of goods, products and services, and is a reading of inflation in the US.

CPI 衡量商品、产品和服务价格的变化，是美国通货膨胀的指标。

“This is a very closely watched indicator, and influences the decision of the US Federal Reserve and its monetary policies, hence markets are often quiet ahead of the release.

“这是一个非常受关注的指标，会影响美联储的决定及其货币政策，因此市场在发布前往往很平静。

“From a technical point of view, the US dollar-ringgit pair is in a support region, and if the price manages to break above 4.4060, it could rise to as high as 4.4850 within a few days. If it breaks below the 4.3600 area, however, it may fall to as low as 4.2500,” he said.

“从技术角度来看，美元兑令吉对处于支撑区域，如果价格成功突破 4.4060，它可能会在几天内升至 4.4850。然而，如果它跌破 4.3600 区域，它可能会跌至 4.2500 的低点，”他说。 

Meanwhile, the ringgit traded mostly lower against a basket of major currencies.

与此同时，令吉兑一篮子主要货币大多走低。

The local currency eased versus the pound to 5.3024/3084 from 5.3017/3047 at 11th January’s close, fell against the euro to 4.6959/7013 from 4.6938/6965 previously, and declined vis-a-vis the yen to 3.3083/3126 from 3.2984/3007.

1月11日收盘时，当地货币兑英镑汇率从 5.3017/3047 下跌至 5.3024/3084，兑欧元汇率从之前的 4.6938/6965 下跌至 4.6959/7013，兑日元汇率从 3.2984/3007 下跌至 3.3083/3126 .

However, it appreciated against the Singapore dollar to 3.2797/2840 from 3.2820/2841 at 11th January’s close.

然而，1月11日收盘时，它兑新加坡元汇率从 3.2820/2841 升至 3.2797/2840。