Weaker US dollar to impact Press Metal
KUCHING (Oct 3): The US Federal Reserve’s (US Fed) aggressive monetary policy pivot has resulted in the US dollar-ringgit declining 12 per cent since 1 July 2024. This poses a downside risk to Press Metal Aluminium Holdings Bhd (Press Metal) as aluminium trade is predominantly denominated in US dollar. Based on RHB Investment Bank Bhd’s [...]
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