KUALA LUMPUR: The ringgit continued its uptrend in early trade on Tuesday, strengthening against the US dollar on buying interest in the local note, amid a decline in the US Dollar Index (DXY). At 8 am, the local currency was higher at 4.3585/3665 against the greenback, compared with Monday’s close of 4.3615/3665. The DXY fell 0.46 per...
KUALA LUMPUR: The ringgit opened little changed against the greenback on Monday, as the US Dollar Index (DXY) ended a four-week losing streak after recent weakness below the 100-point mark. At 8.04 am, the local unit stood at 4.3700/3900 against the greenback, compared with last Friday’s close of 4.3705/3770. Analysts attributed the market’s cautious tone to lingering uncertainties...
KUALA LUMPUR, April 22 (Bernama) -- The ringgit extended its gains against the US dollar at the opening on Tuesday, with the local note poised to test its immediate support level at RM4.36. At 8 am, the local currency strengthened to 4.3550/3840 against the greenback, from Monday's close of 4.3670/3735. Bank Muamalat Malaysia Bhd chief economist Dr Mohd...
KUALA LUMPUR: The ringgit opened stronger against the US dollar on Monday, touching the 4.39-level as uncertainty over US trade policy weighed on the greenback amid ongoing negotiations with Japan and the European Union. At 8 am, the local currency strengthened to 4.3955/4195 against the greenback from last Friday’s close of 4.4100/4175. Bank Muamalat Malaysia Bhd chief...
KUALA LUMPUR: The ringgit opened higher against the US dollar on Tuesday as market sentiment remained cautious amid ongoing inconsistencies in US import tariff policies, with the White House reportedly planning new levies on semiconductors and pharmaceuticals. At 8 am, the local note rose to 4.4085/4215 versus the greenback from Monday’s close of 4.4100/4160. Bank Muamalat Malaysia...
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 closed higher against the US dollar on Wednesday, supported by data showing a decline in Malaysia’s inflation rate, said an economist. According to the Department of Statistics Malaysia (DOSM), Malaysia’s inflation rate for December 2024 moderated to 1.7 per cent, compared to the 2024 annual rate of 1.8 per cent. At 6 pm,...
Gold prices climbed to their highest level in nearly 11 weeks on Tuesday as the U.S. dollar slumped following President Donald Trump's inauguration and investors sought the safe-haven metal to hedge against uncertainty sparked by his tariff plans. Spot gold climbed 0.7% to $2,725.70 per ounce by 0804 GMT and hit its highest since Nov. 6,...
