KUALA LUMPUR: The ringgit closed marginally higher against the US dollar on Monday as a lower domestic inflation rate helped to extend its recent gains, an analyst said. At 6 pm, the local currency climbed to 4.2000/2060 against the greenback, compared to last week's close of 4.2005/2070. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul...
KUALA LUMPUR: The ringgit strengthened against the US dollar at the close on Tuesday, in line with other regional currencies as market participants awaited the release of the US consumer price index (CPI) report tomorrow. At 6 pm, the local note bounced to 4.3400/3445 versus the greenback from yesterday’s close of 4.3700/3745. Bank Muamalat Malaysia Bhd chief...
KUALA LUMPUR: The ringgit extended last Friday’s loss to end easier against the US dollar on Monday on profit-taking following recent gains amid caution ahead of a US jobs report at the end of this week, an analyst said. At 6 pm, the local currency fell to 4.3550/3600 versus the greenback from last Friday’s close of...
KUALA LUMPUR: The ringgit maintained its upward trajectory against the US dollar today, in line with the local note’s broad-based appreciation against other major currencies, including the euro. At 6 pm, the ringgit surged to 4.3080/3140 against the greenback versus Wednesday’s close of 4.3425/3460. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the...
KUALA LUMPUR: The ringgit ended higher on Wednesday against the US dollar, consistently reaching fresh highs as traders saw an opportunity to accumulate the ringgit, with the anticipated US interest rate cut approaching, an economist said. At 6 pm, the ringgit advanced to 4.3460/3500 against the greenback versus Monday’s close of 4.3470/3505. Bank Muamalat Malaysia Bhd chief...
KUALA LUMPUR: The ringgit reached an 18-month high today, driven by concerns of a potential recession in the United States, said an analyst. At 6 pm, the ringgit strengthened to 4.3805/3850 against the US dollar, marking its best performance since Feb 14, 2023. On Friday (Aug 16), the ringgit closed at 4.4295/4350 against the greenback. Bank Muamalat Malaysia...
KUALA LUMPUR: The ringgit opened lower against the greenback as traders adopted a cautious stance and adjusted their positions due to anticipated pre-announcement volatility ahead of Malaysia’s second quarter (2Q) 2024 gross domestic product (GDP) data today. At 8.02 am, the ringgit depreciated to 4.4515/4720 against the US dollar from yesterday’s close of 4.4350/4405. Bank Muamalat Malaysia...
KUALA LUMPUR: The ringgit ended the day’s trading at about 4.41 against the US dollar, its best close in 16 months, as the US Federal Reserve was seen to be on track to cutting interest rates in September. At 6 pm, the ringgit surged to 4.4170/4235 versus the greenback from yesterday’s close of 4.4440/4505. The local note’s...
KUALA LUMPUR: The ringgit pared last week’s gains to close lower against the US dollar today due to profit-taking, an analyst said. At 6 pm, the ringgit slid to 4.4500/4580 versus the greenback from Friday's close of 4.4200/4280. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the local note is currently in an...
KUALA LUMPUR: The ringgit rebounded to close firmer against the US dollar today, buoyed by a softer greenback amid declines in United States (US) Treasury yields. At 6 pm, the ringgit appreciated to 4.4710/4750 versus the greenback from yesterday's close of 4.4950/5010. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama that the...
