KUALA LUMPUR: The ringgit opened higher against a basket of major currencies but weakened against the US dollar on Friday, as escalating tensions in West Asia dampened risk appetite, an economist said. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid told Bernama that market sentiment has turned increasingly cautious, with investors adopting a risk-off...
KUALA LUMPUR: The ringgit opened lower against the US dollar on Tuesday as market sentiment turned cautious following the United States’ (US) latest reciprocal tariff policy adjustments, which will take effect on Aug 1, 2025, said an analyst. At 8 am, the local note depreciated to 4.2345/2430 versus the greenback from Monday’s close of 4.2310/2400. Bank Muamalat...
KUALA LUMPUR: The ringgit opened stronger against the US dollar on Wednesday, supported by continued weakness in the greenback as fiscal uncertainties and tariff risks in the United States weighed on sentiment, an analyst said. At 8 am, the local note stood at 4.1870/2065 versus the greenback, up from Tuesday’s close of 4.1995/2005. Meanwhile, the US Dollar...
KUALA LUMPUR: The ringgit extended its gains against the US dollar on Thursday, buoyed by comments from US Federal Reserve (Fed) chair Jerome Powell highlighting uncertainty over the inflationary impact of tariffs. At 8 am, the local note strengthened to 4.2255/2475 against the greenback from Wednesday’s close of 4.2335/2405. Bank Muamalat Malaysia Bhd chief economist Dr Mohd...
KUALA LUMPUR: The ringgit opened higher against the US dollar and a basket of major currencies on Monday despite a strong US Dollar Index (DXY) as ongoing geopolitical tensions, with the United States’ (US) involvement in the Israel-Iran conflict, in focus, said an analyst. At 8 am, the local note rose to 4.2420/2655 against the greenback from Friday’s...
KUALA LUMPUR: The ringgit inched higher at the opening today amid ongoing geopolitical worries and despite a firmer greenback after the US Federal Reserve (Fed) decided to keep interest rates unchanged, an analyst said. At 8 am, the local note climbed to 4.2435/2650 against the greenback from yesterday’s close of 4.2500/2550. Bank Muamalat Malaysia Bhd chief economist...
KUALA LUMPUR: The ringgit was slightly higher against the US dollar at today’s opening with investors remaining cautious ahead of the United States (US) monetary policy outcome due later tonight, an analyst said. At 8 am, the local note was at 4.2360/2565 against the greenback from yesterday’s close of 4.2390/2475. Bank Muamalat Malaysia Bhd chief economist Dr...
Gold prices rose on Friday and were poised for their biggest weekly gain in more than a month, as a softer U.S. dollar and concerns over the country's fiscal outlook boosted bullion's safe-haven appeal. Spot gold was up 1.1% at $3,329.69 an ounce as of 0654 GMT. Bullion has risen 4% this week, its highest since...
KUALA LUMPUR: The ringgit extended gains, opening stronger against the US dollar on Tuesday, supported by ongoing positive sentiment towards the local currency, said an analyst. At 8 am, the ringgit rose to 4.1835/2035 against the greenback, compared to Monday’s close of 4.1990/2035. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said there appears...
KUALA LUMPUR: The ringgit edged up slightly against the US dollar on Monday, as a weaker greenback, weighed down by dovish sentiment from the United States (US) Federal Reserve (Fed) on interest rates and new trade developments related to China, supported the local currency, said an analyst At 8 am, the local currency inched up to...
