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 ended flat against the US dollar on Monday as investors took the ‘wait-and-see’ approach ahead of the latest economic assessment by the United States (US) Federal Open Market Committee (FOMC) during its meeting on April 30 and May 1, said an analyst. At 6 pm, the ringgit was unchanged at 4.7650/7700 versus...
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...
PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim wants efforts to reduce the country's fiscal deficit to continue so that future generations will not be burdened. He said continuous efforts and initiatives are important for the country to achieve a lower fiscal deficit target, while at the same time continuing to restore the confidence of domestic and...
PETALING JAYA: Manufacturers and small and medium enterprises (SMEs) are concerned with the fall of the ringgit and have called for policies to offset the impact. However, all is not lost as export-oriented companies and the tourism sector may stand to reap benefits, say industry experts. ALSO READ: OPR hike risks burdening the people, says Fahmi Federation of Malaysian...
KUALA LUMPUR: The ringgit opened lower against the US dollar on Friday as the latest US gross domestic product (GDP) figures showed that the US economy grew by 2.5 percent in 2023, a significant improvement from the 1.9 per cent growth recorded in 2022, thus increasing demand for the US dollar. At 9:05 am, the ringgit...
KUALA LUMPUR: The ringgit opened lower to extend its downtrend against the greenback on Thursday after the American dollar continued to strengthen on the back of encouraging US economic data, a trader said. At 9.05 am, the ringgit fell to 4.6825/6875 versus the greenback compared with Wednesday’s close of 4.6735/6805. ActivTrades trader Dyogenes Rodrigues Diniz said the...
KUALA LUMPUR: The ringgit opened easier against the US dollar today on mild profit-taking on the local currency in light of the sharp appreciation recently, said an analyst. At 9.20 am, the ringgit was traded lower at 4.69600/7015 against the greenback from Wednesday’s close of 4.6695/6755. Bank Muamalat Malaysia Bhd chief economist and social finance head Dr...
KUALA LUMPUR: Bursa Malaysia and the ringgit have taken a beating on Monday, in line with the weak sentiment in regional markets. The FBM KLCI fell 2.92 points, or 0.2% to 1,438.12. The market traded within a range of 8.81 points between an intra-day high of 1,443.86 and a low of 1,435.05. Some 743 counters declined compared...
