Ringgit opens on positive note against US$

KUALA LUMPUR: The ringgit opened on a positive note against the US dollar today on subdued demand for the American dollar due to weaker economic data from the United States (US). At 9.01 am, the ringgit strengthened to 4.7000/7060 versus the greenback from Thursday’s close of 4.7020/7070. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul...

Ringgit falls, comments by Fed officials dampen rate cut hopes

KUALA LUMPUR: The ringgit retreated against the US dollar to open lower on Tuesday as the risk mood was dampened by cautious US Federal Reserve official's comments. At 9 am, the ringgit fell to 4.6910/6950 versus the greenback from Monday’s close of 4.6850/6875. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said as expected,...