KUALA LUMPUR: The ringgit edged up slightly against the US dollar on Monday, as a weaker greenback, weighed down by dovish sentiment from the United States (US) Federal Reserve (Fed) on interest rates and new trade developments related to China, supported the local currency, said an analyst At 8 am, the local currency inched up to...
KUALA LUMPUR: The ringgit opened marginally higher against the greenback on Friday, trading with a wider spread amid lingering uncertainty over global tariffs and weak US economic data, an economist said. At 8 am, the local currency inched up to 4.3115/3310 versus the greenback from Wednesday’s close of 4.3130/3185. The market was closed on Thursday for the Labour...
KUALA LUMPUR: The ringgit opened little changed against the greenback on Monday, as the US Dollar Index (DXY) ended a four-week losing streak after recent weakness below the 100-point mark. At 8.04 am, the local unit stood at 4.3700/3900 against the greenback, compared with last Friday’s close of 4.3705/3770. Analysts attributed the market’s cautious tone to lingering uncertainties...
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...
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Monday due to a decline in the US Dollar Index (DXY) following its recent two-year high, according to an analyst. At 8 am, the local currency stood at 4.4650/4765 against the US dollar, compared with Friday’s close at 4.4660/4710. Bank Muamalat Malaysia Bhd chief economist...
KUALA LUMPUR: The ringgit was traded easier against the US dollar at today’s opening with demand for the greenback improving on the back of global political and economic uncertainties, an economist said. At 8 am, the ringgit weakened to 4.3850/3995 against the US dollar from last Friday’s close of 4.3800/3850. Bank Muamalat Malaysia Bhd chief economist Dr...
