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...
SHAH ALAM: The government seeks to gather ideas and opinions from the public to formulate the 13th Malaysia Plan (13MP), which is scheduled to be presented in Parliament next July, says Economy Minister Rafizi Ramli. To facilitate this, he noted that smaller engagement and discussion sessions are being held, in contrast to the previous approach of...
KUALA LUMPUR: The ringgit is expected to continue appreciating next week, despite traders remaining cautious about key United States economic indicators, said an analyst. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that several important data points to keep an eye on, including the US ISM index for the manufacturing sector,...
KUALA LUMPUR: The ringgit soared to 4.12 against the US dollar on Friday, emerging as one of the top-performing currencies globally. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid highlighted that the ringgit had strengthened by 1.6 per cent week-on-week against the US dollar. The local currency surged to 4.1230/1280 from yesterday’s close of...
KUALA LUMPUR: The ringgit rallied to 4.1275/1310 against the US dollar on Wednesday, marking its strongest level since June 2021. The local currency appreciated by 0.69 per cent compared with Tuesday’s close of 4.1550/1605. Bank Muamalat Malaysia Bhd chief economist, Dr Mohd Afzanizam Abdul Rashid said that the ringgit sustained its strong performance throughout the day, driven...
