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 slightly higher against the US dollar on Tuesday as broader macro forces kept a floor under the domestic currency despite the US tariff barrage rattling global markets. At 6 pm, the ringgit rose slightly to 4.4635/4680 from 4.4640/4680 at Monday’s close. SPI Asset Management managing partner Stephen Innes noted the biggest factor supporting the ringgit was rising...
KUALA LUMPUR: MIDF Amanah Investment Bank Bhd’s research arm, MIDF Research, expects the ringgit to appreciate with an average rate of RM4.23 versus the US dollar this year. In a note today, MIDF Research said that, however, the strengthening in the local note is expected to be at a more gradual pace on the back of...
KUALA LUMPUR: The ringgit emerged as the best-performing currency in Asia in 2024, standing out among major regional peers amid a challenging global economic landscape. By the end of the year, it had appreciated over 2.73 per cent to RM4.47 against the US dollar, an impressive feat compared to the decline or stagnation of Asian currencies. As...
KUALA LUMPUR: The ringgit maintained its upward momentum and opened higher against the US dollar on Friday, despite the greenback's strength driven by expectations about the United States (US) administration’s trade policy. At 8 am, the ringgit was trading at 4.4665/4715 against the greenback, up from 4.4670/4715 at Thursday's close. In anticipation of pre-trade conditions, a dealer...
KUALA LUMPUR: The ringgit finished stronger against the US dollar today, supported by rising oil prices which benefitted Malaysia as an oil exporter. At 6 pm, the ringgit rose to 4.4670/4715 versus the greenback from 4.4845/4900 at Tuesday’s close. The ringgit has outperformed other Southeast Asian currencies year to date by posting nearly a 2.8 per cent...
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...
