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...
KUALA LUMPUR: The ringgit opened a tad lower against the US dollar today after the US Federal Reserve (Fed) kept its benchmark interest rate unchanged. At 9 am, the ringgit opened at 4.7705/7775 against the greenback from Tuesday’s close of 4.7700/7750. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the Fed’s two-day Federal Open...
KUALA LUMPUR: The ringgit closed firmer against the US dollar on Wednesday as it staged a technical rebound after three days of losses, said an analyst. At 6 pm, the ringgit improved to 4.7910/7950 against the greenback from Tuesday’s closing of 4.7945/7970. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid noted that the local currency...
KUALA LUMPUR (Bernama): The ringgit is expected to remain soft and trade around RM4.76 against the American dollar next week ahead of talks by US Federal Reserve (Fed) officials on inflation and the US retail sales data. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said a slew of Fed officials are scheduled for...
KUALA LUMPUR: The ringgit snapped two consecutive days of gains to open lower against the US dollar on cautious sentiment despite the weaker performance of the greenback. The US Dollar Index (DXY) declined from as high as 106.01 points to 105.82 points despite the US Producer Price Index for September coming in higher than expected. At 9...
KUALA LUMPUR (Bernama): The ringgit is expected to trade range-bound with a downward bias against the US dollar this week as the greenback may gain support surrounding global economic uncertainties, an analyst said. Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said the local currency is expected to trade between...
KUALA LUMPUR: The ringgit opened almost flat against the US dollar today, ahead of the United States Consumer Price Index (CPI) data for July set to be released today. At 9.05 am, the local note stood at 4.5710/5760 against the greenback compared with 4.5705/5755 at Wednesday’s close. ActivTrades trader Dyogenes Rodrigues Diniz told Bernama that the US...
