KUALA LUMPUR: The ringgit was almost flat against the US dollar in early trade on Friday, despite the higher US dollar index (DXY), said an analyst. At 8.13 am, the ringgit stood at 4.4350/4450 against the US dollar from Thursday’s close of 4.4350/4.395. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the DXY...
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 closed a little lower against the greenback for the second consecutive day on Tuesday on caution amid ongoing uncertainties in the Middle East and ahead of the US consumer price index (CPI) report due tomorrow. At 6 pm, the local currency slid to 4.4250/4300 against the US dollar, compared to yesterday’s close...
KUALA LUMPUR: The ringgit was slightly higher in early trade Monday as the US dollar trended up modestly after the release of mixed US labour data for November. At 8.15 am, the local currency advanced to 4.4125/4250 against the US dollar, compared to Friday’s close of 4.4170/4220. The US labour market data released Friday showed the Nonfarm...
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 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...
Malaysian bonds are turning vulnerable to further outflows as local yields are seen rising along with those on Treasuries with Donald Trump poised to be the next US president. The nation’s corporate and sovereign bonds saw a net outflow of 11.2 billion ringgit ($2.6 billion) last month, the most since March 2020, according to Bank Negara...
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today with market sentiment remaining guarded as the world braces for the US presidential election which will be held on Nov 5. At 8.03 am, the local note edged up to 4.3400/3595 against the greenback compared with last Friday’s close of 4.3405/3450. Bank Muamalat Malaysia Bhd...
KUALA LUMPUR: The ringgit depreciated against the US dollar at the close on Tuesday amid a sharp fall in the price of oil and on continued expectations of a smaller cut in US interest rates going forward. At 6 pm, the local note dropped to 4.3080/3120 versus the greenback compared to yesterday’s close of 4.2945/2995. US Federal...
