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, April 22 (Bernama) -- The ringgit extended its gains against the US dollar at the opening on Tuesday, with the local note poised to test its immediate support level at RM4.36. At 8 am, the local currency strengthened to 4.3550/3840 against the greenback, from Monday's close of 4.3670/3735. Bank Muamalat Malaysia Bhd chief economist Dr Mohd...
KUALA LUMPUR: The ringgit opened stronger against the US dollar on Monday, touching the 4.39-level as uncertainty over US trade policy weighed on the greenback amid ongoing negotiations with Japan and the European Union. At 8 am, the local currency strengthened to 4.3955/4195 against the greenback from last Friday’s close of 4.4100/4175. Bank Muamalat Malaysia Bhd chief...
KUALA LUMPUR: The ringgit closed firmer against the US dollar on Wednesday, gaining 0.24 per cent to 4.4330/4400 from Monday’s close of 4.4450/4490, amid cautious sentiment ahead of the outcome of the United States (US) Federal Open Market Committee (FOMC) meeting later today. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said market sentiments...
KUALA LUMPUR: The ringgit closed higher against the US dollar on Wednesday, supported by data showing a decline in Malaysia’s inflation rate, said an economist. According to the Department of Statistics Malaysia (DOSM), Malaysia’s inflation rate for December 2024 moderated to 1.7 per cent, compared to the 2024 annual rate of 1.8 per cent. At 6 pm,...
KUALA LUMPUR: The ringgit rose against the US dollar in early trade on Thursday despite the greenback’s appeal as a safe-haven currency remaining firm amid the risk-averse sentiment surrounding the market. At 8.11 am, the ringgit appreciated to 4.4250/4355 against the US dollar compared with yesterday’s close of 4.4300/4355. The greenback gained additional ground while the US...
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 staged a rebound on Friday after recent losses to finish the week higher against the American dollar despite a rising greenback buoyed by anticipation of slower US interest rate cuts, an economist said. At 6 pm, the local note rose by 125 basis points to 4.4715/4780 against the greenback compared with yesterday’s...
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today despite the US Dollar Index’s (DXY) strengthening, which should accelerate demand for the greenback. At 8 am, the local note traded slightly better at 4.4330/4465 against the greenback compared with Tuesday’s close of 4.4365/4400. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid...
KUALA LUMPUR: The ringgit ended firmer against the greenback on Monday ahead of an expected US interest rate cut this week amid the heightened uncertainties over the US presidential election tomorrow, said an economist. At 6 pm, the local note rose to 4.3715/3765 against the greenback from Friday’s close of 4.3780/3835. Bank Muamalat Malaysia Bhd chief economist...
