Bank Negara Malaysia said the ringgit’s exchange rate is market-determined and that the central bank’s derivative positions are used to manage liquidity conditions. "BNM’s short forward positions reflect the central bank’s activities in managing the liquidity needs of the domestic financial market for effective financial intermediation,” the central bank said in an emailed statement. "These positions are...
KUALA LUMPUR: The ringgit opened stronger against the US dollar on Wednesday, supported by continued weakness in the greenback as fiscal uncertainties and tariff risks in the United States weighed on sentiment, an analyst said. At 8 am, the local note stood at 4.1870/2065 versus the greenback, up from Tuesday’s close of 4.1995/2005. Meanwhile, the US Dollar...
KUALA LUMPUR: The ringgit extended its gains against the US dollar on Thursday, buoyed by comments from US Federal Reserve (Fed) chair Jerome Powell highlighting uncertainty over the inflationary impact of tariffs. At 8 am, the local note strengthened to 4.2255/2475 against the greenback from Wednesday’s close of 4.2335/2405. Bank Muamalat Malaysia Bhd chief economist Dr Mohd...
KUALA LUMPUR: The ringgit opened higher against the US dollar and a basket of major currencies on Monday despite a strong US Dollar Index (DXY) as ongoing geopolitical tensions, with the United States’ (US) involvement in the Israel-Iran conflict, in focus, said an analyst. At 8 am, the local note rose to 4.2420/2655 against the greenback from Friday’s...
KUALA LUMPUR: The ringgit inched higher at the opening today amid ongoing geopolitical worries and despite a firmer greenback after the US Federal Reserve (Fed) decided to keep interest rates unchanged, an analyst said. At 8 am, the local note climbed to 4.2435/2650 against the greenback from yesterday’s close of 4.2500/2550. Bank Muamalat Malaysia Bhd chief economist...
KUALA LUMPUR: The ringgit was slightly higher against the US dollar at today’s opening with investors remaining cautious ahead of the United States (US) monetary policy outcome due later tonight, an analyst said. At 8 am, the local note was at 4.2360/2565 against the greenback from yesterday’s close of 4.2390/2475. Bank Muamalat Malaysia Bhd chief economist Dr...
KUALA LUMPUR: The ringgit extended gains, opening stronger against the US dollar on Tuesday, supported by ongoing positive sentiment towards the local currency, said an analyst. At 8 am, the ringgit rose to 4.1835/2035 against the greenback, compared to Monday’s close of 4.1990/2035. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said there appears...
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 continued its uptrend in early trade on Tuesday, strengthening against the US dollar on buying interest in the local note, amid a decline in the US Dollar Index (DXY). At 8 am, the local currency was higher at 4.3585/3665 against the greenback, compared with Monday’s close of 4.3615/3665. The DXY fell 0.46 per...
