Tag - Dr Mohd Afzanizam Abdul Rashid

Ringgit rises against US$ as markets digest Fed’s tariff caution

KUALA LUMPUR: The ringgit extended its gains against the US dollar on Thursday, buoyed by comments from US Federal Reserve (Fed) chair Jerome Powell highlighting uncertainty over the inflationary impact of tariffs. At 8 am, the local note strengthened to 4.2255/2475 against the greenback from Wednesday’s close of 4.2335/2405. Bank Muamalat Malaysia Bhd chief economist Dr Mohd...

Ringgit extends gains vs greenback amid tariff policy uncertainty

KUALA LUMPUR: The ringgit opened higher against the US dollar on Tuesday as market sentiment remained cautious amid ongoing inconsistencies in US import tariff policies, with the White House reportedly planning new levies on semiconductors and pharmaceuticals. At 8 am, the local note rose to 4.4085/4215 versus the greenback from Monday’s close of 4.4100/4160. Bank Muamalat Malaysia...