[ KUALA LUMPUR: The ringgit extended its positive performance to close higher against the US dollar on Friday in line with the positive momentum in regional currencies as more investors shifted from safe haven currencies, a dealer said. At 6 pm, the ringgit was higher at 4.7370/7400 versus the greenback from Thursday’s close of 4.7535/7555. … Read more
[ KUALA LUMPUR: The ringgit ended the week on a better footing against the US dollar, likely due to the lower-than-expected first quarter US gross domestic product (GDP) data. At 6 pm, the ringgit improved to 4.7650/7710 against the greenback from Thursday’s close of 4.7745/7775. SPI Asset Management managing director Stephen Innes said the firmer … Read more
[ KUALA LUMPUR: The ringgit was lower against the greenback in early trade on Friday despite the continuing downward bias of the US dollar after discouraging gross domestic (GDP) print ahead of the Fed’s release of the inflation gauge for March, tonight. At 9 am, the ringgit eased slightly to 4.7770/7825 against the greenback from … Read more
[ KUALA LUMPUR: The ringgit opened easier against the US dollar today with traders maintaining their focus on the greenback with higher-than-expected US inflation data. This may suggest that the US Federal Reserve may keep interest rate hikes, dashing the expectation for a June interest rate cut. At 9 am, the local currency fell to … Read more
[ KUALA LUMPUR: The ringgit ended the week easier against the greenback, alongside regional currencies, as the US producer price index (PPI) data came in higher than expected, pushing back expectations of an interest rate cut in the United States in June. At 6 pm, the ringgit slid to 4.7050/7095 against the greenback from Thursday’s … Read more
[ KUALA LUMPUR: The ringgit continued to strengthen against the US dollar today after the US Dollar Index (DXY) retreated in anticipation of easier monetary policy in the United States (US) this year, an economist said. At 6 pm, the ringgit rose to 4.7025/7080 against the greenback compared with yesterday’s close of 4.7295/7350. Bank Muamalat … Read more
[ KUALA LUMPUR: The ringgit opened firmer against the US dollar today on improved sentiment ahead of the Monetary Policy Committee’s (MPC) announcement on the Overnight Policy Rate (OPR) later today. At 9 am, the ringgit rose to 4.7145/7190 against the greenback compared with yesterday’s close of 4.7295/7350. Bank Muamalat Malaysia Bhd chief economist Dr … Read more
[ KUALA LUMPUR: The ringgit continues its momentum to open higher against the US dollar today and improved versus a basket of other major currencies, as well as Asean currencies supported by Bank Negara Malaysia’s (BNM) statement on the local note’s valuation. At 9 am, the ringgit edged up to 4.7370/7410 against the greenback compared … Read more
[ KUALA LUMPUR: The ringgit opened lower against the US dollar this morning, weighed down by robust US labour market data, said an analyst. At 9 am, the ringgit fell to 4.7820/7870 against the greenback compared to yesterday’s close of 4.7705/7745. The US initial jobless claims came in lower-than-expected at 218,000 last week versus consensus … Read more
[ KUALA LUMPUR: The ringgit rebounded to close higher against the US dollar on Wednesday as the greenback weakened due to a lack of major data, said an analyst. At 6 pm, the ringgit rose to 4.6275/6330 against the greenback from Tuesday’s close of 4.6340/6435. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul … Read more
