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: 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 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...
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 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 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...
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: 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 (Bernama): The ringgit is expected to trade range-bound with a downward bias against the US dollar this week as the greenback may gain support surrounding global economic uncertainties, an analyst said. Bank Muamalat Malaysia Bhd chief economist and social finance head Mohd Afzanizam Abdul Rashid said the local currency is expected to trade between...
